132. The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $.47 and $.15, respectively. The equivalent units to be assigned costs are as follows.
Direct Materials
Conversion
Inventory in process, beginning of period
0
3,000
Started and completed during the period
52,000
Transferred out of Bottling (completed)
55,000
Inventory in process, end of period
3,500
2,100
Total units to be assigned costs
55,500
57,100
133. The cost of materials transferred into the Bottling Department of Mountain Springs Water Company is $28,400, with $22,000 from the Purifying Department, plus additional $6,400 from the materials storeroom. The conversion cost for the period in the Bottling Department is $8,750 ($3,750 factory applied and $5,000 direct labor.) The total costs transferred to finished goods for the period was $31,980. The Bottling Department had a beginning inventory of $1,860.
a.
Journalize (1) the cost of transferred-in materials (2) conversion costs, and (3) the cost of transferred out to finished goods.
b.
Determine the balance of Work in Process-Bottling at the end of the period.
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