Lakeland Solvent produces a single product in two departments. The following costs relate to April: Required Prepare
Question:
Lakeland Solvent produces a single product in two departments. The following costs relate to April:
Required
Prepare journal entries to record:
a. The issuance of direct material.
b. The cost of direct labor (credit wages payable).
c. The application of manufacturing overhead.
d. The transfer of cost associated with units completed in both departments.
Transcribed Image Text:
Department 1 $24,000 Department 2 $44,000 WIP, March 31 Costs added during April Direct material Direct labor Manufacturing overhead 75,000 40,000 220,000 15,000 50,000 100,000 Transferred-in costs WIP, April 30 N/A 30,000
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a Work in process dept 1 75000 Material inventory 75000 To record material used in department 1 Work ...View the full answer
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