Question: Hello ;) All 5 pictures arw to the same one question. I highlighted the areas that need an answer ans tried to line them up

 Hello ;) All 5 pictures arw to the same one question.
I highlighted the areas that need an answer ans tried to line
them up as best I could. Then the last part is a
journal entry . Thank yku Update. I do not need the terms
on the left : just the numbers and journal entry 1 DataHello ;) All 5 pictures arw to the same one question. I highlighted the areas that need an answer ans tried to line them up as best I could. Then the last part is a journal entry . Thank yku
Update. I do not need the terms on the left : just the numbers and journal entry

1 Data lable Work in Process-Forming Beginning inventory, October 1 $ 66,962 Transferred to Finishing Direct materials 219,588 162,700 Conversion costs Ending inventory Print Done ET More Info The Forming Department had 10,460 partially complete units in beginning work in process inventory. The department started work on 68,440 units during the month and ended the month with 8,900 units still in work in process. These unfinished units were 60% complete as to direct materials but 20% complete as to conversion work. The beginning balance of $66,962 consisted of $21,500 of direct materials and $45,462 of conversion costs. Print Done . We need to begin the five-step process costing procedure by first summarizing the units to account for and computing the equivalent units. Forming Department Equivalent Unit Computation Month Ended October 31 Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units to account for: Units accounted for Total equivalent units The HELL SILPS Laudung ue USL per cuivalent Unit Enter the cost per equivalent unit to two decimal places) Forming Department Cost per Equivalent Unit Month Ended October 31 Direct Conversion Materials Costs Cost per equivalent unit Now we can calculate the total cost of the units completed and transferred out and the ending work in process. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step.) Assembly Department Month Ended October 31 Assigning Costs Materials Costs Total Completed and transferred out: 1.7 Ending work in process: Total costs accounted for Finally, journalize the transfer of costs to the Finishing Department. Record debits first, then credits. Exclude explanations from any journal entries) 0 Journal Entry Date Accounts Debit Credit 1 Data lable Work in Process-Forming Beginning inventory, October 1 $ 66,962 Transferred to Finishing Direct materials 219,588 162,700 Conversion costs Ending inventory Print Done ET More Info The Forming Department had 10,460 partially complete units in beginning work in process inventory. The department started work on 68,440 units during the month and ended the month with 8,900 units still in work in process. These unfinished units were 60% complete as to direct materials but 20% complete as to conversion work. The beginning balance of $66,962 consisted of $21,500 of direct materials and $45,462 of conversion costs. Print Done . We need to begin the five-step process costing procedure by first summarizing the units to account for and computing the equivalent units. Forming Department Equivalent Unit Computation Month Ended October 31 Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units to account for: Units accounted for Total equivalent units The HELL SILPS Laudung ue USL per cuivalent Unit Enter the cost per equivalent unit to two decimal places) Forming Department Cost per Equivalent Unit Month Ended October 31 Direct Conversion Materials Costs Cost per equivalent unit Now we can calculate the total cost of the units completed and transferred out and the ending work in process. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step.) Assembly Department Month Ended October 31 Assigning Costs Materials Costs Total Completed and transferred out: 1.7 Ending work in process: Total costs accounted for Finally, journalize the transfer of costs to the Finishing Department. Record debits first, then credits. Exclude explanations from any journal entries) 0 Journal Entry Date Accounts Debit Credit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!