Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Fill in the time line for the Sawing Department. Use the time line to help you compute the number of equivalent units and the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
2. Fill in the time line for the Sawing Department. Use the time line to help you compute the number of equivalent units and the cost per equivalent unit in the Sawing Department for September Show that the sum of (a) cost of goods transferred out of the Sawing Department and (b) ending Work in Process Inventory-Sawing equals the total cost accumulated in the department during September Journalize all transactions affecting the company's sawing process during September, including those already posted. Print Done Requirement 4. Journalire all transactions affecting the company's sewing process during September, including those aready posted Begin by journalining the direct materials, direct labour, and manufacturing overhead assigned to the Sewing Department (Record debits first, then credits. Explanations are not required) Journal Entry Accounts Debit Cred Journalize the entry for the cost of the metres of lumber completed and transferred out to the Assembly Department. Journal Entry Date Accounts Debit Credit Requirement 2. Use the time line to help you compute the number of equivalent units in the Sawing Department for September. Grand Northern Furniture Company Sawing Department Flow of Physical Units and Computation of Equivalent Units Month Ended September 30 Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units accounted for Total equivalent units ou duivent UNIS Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter"0" in the appropriate cell(s).) Grand Northern Furniture Company Sawing Department Cost per Equivalent Unit Month Ended September 30 Direct Conversion Materials Costs Total Cost per equivalent unit a ng S onung menaw September Start by completing the assignment of the cou Wholedo ) n ter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round your answers to the nearest Grand Northern Furniture Company Sawing Department Cost Assignment Month Ended September 30 Direct Materiais Conversion Total Two Complete the following table to calculate the total cost accumulated in the Sawing Department during September Total costs Requirement 2. Use the time line to help you compute the number of equivalent units in the Sawing Department for September. Grand Northern Furniture Company Sawing Department Flow of Physical Units and Computation of Equivalent Units Month Ended September 30 Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units accounted for Total equivalent units The Grand Northern Furniture Company produces dining tables in a three-stage processing, sembly, and staining Costs incurred in the Swing Department during September are summarized as follows: m Click the loon to view the costs) Direct materials (umber) are added at the beginning of the sewing process, while conversion costs we nourred every throughout the process. September activity in the Sewing Department included sewing of 13,000 metres of lumber, which were transferred to the Assembly Department. Also, work began on 2.000 metres of lumber, which on September 30 were 75% of the way through the sewing process Requirements Requirement 1. in the timeline for the Swing Department Start Complete ou duivent UNIS Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter"0" in the appropriate cell(s).) Grand Northern Furniture Company Sawing Department Cost per Equivalent Unit Month Ended September 30 Direct Conversion Materials Costs Total Cost per equivalent unit a ng S onung menaw September Start by completing the assignment of the cou Wholedo ) n ter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round your answers to the nearest Grand Northern Furniture Company Sawing Department Cost Assignment Month Ended September 30 Direct Materiais Conversion Total Two Complete the following table to calculate the total cost accumulated in the Sawing Department during September Total costs The Grand Northerm Furniture Company produces dining tables in a three stage processing, assembly, and staining Costs incurred in the Swing Department outing September are summarized as follows: Click the loon to view the costs) Siret materials Lumbere dd atthe beginning of the swing process, while son costs are nourred evenly throughout the processSeptember activity in the Sawing Department included sawing of 13,000 metres of lumber which were transferred to the Department As work began on 2000 metres of lumber, which on September 30 were 75of the way through the swing process Requirements 2. Fill in the time line for the Sawing Department. Use the time line to help you compute the number of equivalent units and the cost per equivalent unit in the Sawing Department for September Show that the sum of (a) cost of goods transferred out of the Sawing Department and (b) ending Work in Process Inventory-Sawing equals the total cost accumulated in the department during September Journalize all transactions affecting the company's sawing process during September, including those already posted. Print Done Requirement 4. Journalire all transactions affecting the company's sewing process during September, including those aready posted Begin by journalining the direct materials, direct labour, and manufacturing overhead assigned to the Sewing Department (Record debits first, then credits. Explanations are not required) Journal Entry Accounts Debit Cred Journalize the entry for the cost of the metres of lumber completed and transferred out to the Assembly Department. Journal Entry Date Accounts Debit Credit Requirement 2. Use the time line to help you compute the number of equivalent units in the Sawing Department for September. Grand Northern Furniture Company Sawing Department Flow of Physical Units and Computation of Equivalent Units Month Ended September 30 Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units accounted for Total equivalent units ou duivent UNIS Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter"0" in the appropriate cell(s).) Grand Northern Furniture Company Sawing Department Cost per Equivalent Unit Month Ended September 30 Direct Conversion Materials Costs Total Cost per equivalent unit a ng S onung menaw September Start by completing the assignment of the cou Wholedo ) n ter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round your answers to the nearest Grand Northern Furniture Company Sawing Department Cost Assignment Month Ended September 30 Direct Materiais Conversion Total Two Complete the following table to calculate the total cost accumulated in the Sawing Department during September Total costs Requirement 2. Use the time line to help you compute the number of equivalent units in the Sawing Department for September. Grand Northern Furniture Company Sawing Department Flow of Physical Units and Computation of Equivalent Units Month Ended September 30 Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units accounted for Total equivalent units The Grand Northern Furniture Company produces dining tables in a three-stage processing, sembly, and staining Costs incurred in the Swing Department during September are summarized as follows: m Click the loon to view the costs) Direct materials (umber) are added at the beginning of the sewing process, while conversion costs we nourred every throughout the process. September activity in the Sewing Department included sewing of 13,000 metres of lumber, which were transferred to the Assembly Department. Also, work began on 2.000 metres of lumber, which on September 30 were 75% of the way through the sewing process Requirements Requirement 1. in the timeline for the Swing Department Start Complete ou duivent UNIS Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter"0" in the appropriate cell(s).) Grand Northern Furniture Company Sawing Department Cost per Equivalent Unit Month Ended September 30 Direct Conversion Materials Costs Total Cost per equivalent unit a ng S onung menaw September Start by completing the assignment of the cou Wholedo ) n ter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round your answers to the nearest Grand Northern Furniture Company Sawing Department Cost Assignment Month Ended September 30 Direct Materiais Conversion Total Two Complete the following table to calculate the total cost accumulated in the Sawing Department during September Total costs The Grand Northerm Furniture Company produces dining tables in a three stage processing, assembly, and staining Costs incurred in the Swing Department outing September are summarized as follows: Click the loon to view the costs) Siret materials Lumbere dd atthe beginning of the swing process, while son costs are nourred evenly throughout the processSeptember activity in the Sawing Department included sawing of 13,000 metres of lumber which were transferred to the Department As work began on 2000 metres of lumber, which on September 30 were 75of the way through the swing process Requirements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Michael J. Jones

2nd Edition

0470017791, 978-0470017791

More Books

Students also viewed these Accounting questions

Question

How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

=+ Where, how, why, and when are the products to be bought abroad?

Answered: 1 week ago