The cost of materials transferred into the Filling Department of Ivy Cosmetics Company is $43,200, including $50,300
Question:
The cost of materials transferred into the Filling Department of Ivy Cosmetics Company is $43,200, including $50,300 from the Blending Department and $12,900 from the materials storeroom. The conversion cost for the period in the Filling Department is $16,725 ($5,645 factory overhead applied and $11,080 direct labor). The total cost transferred to finished Goods for the period was $57,800. The Filling Department had a beginning inventory of $4,500.
a. Journalize
(1) The cost of transferred-in materials.
(2) Conversion costs.
(3) The costs transferred out to Finished Goods.
b. Determine the balance of Work in Process—Filling at the end of the period.
Step by Step Answer:
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider