Kwanika Co operates in a lean manufacturing environment During its first year of operations, Kwanika budgeted for 4 0 , 0 0 0 hours in the production of 1 0 0 , 0 0 0 units in its Cell X 2 2 Materials costs were $ 7 0 0 per unit Cell X 2 2 conversion costs were budgeted for the year as follows Line Item DescriptionAmountDirect and indirect labor$ 9 0 0 , 0 0 0 Machine depreciation 1 2 5 , 0 0 0 Maintenance and supplies 3 7 5 , 0 0 0 Utilities 2 2 5 , 0 0 0 Total$ 1 , 6 2 5 , 0 0 0 During January, materials for 8 , 4 0 0 units were purchased on account There were 8 , 2 0 0 units manufactured and 8 , 0 0 0 were sold and shipped to customers for $ 3 5 each Conversion costs are applied based on units of production Question Content Area a Journalize the materials purchases If an amount box does not require an entry, leave it blank blankAccountDebitCreditblank Accounts PayableConversion CostsRaw and In Process InventorySalesSupplies Accounts PayableAccounts ReceivableCashCost of Goods SoldRaw and In Process Inventory Question Content Area b Journalize the application of conversion costs If an amount box does not require an entry, leave it blank blankAccountDebitCreditblank Accounts PayableCashConversion CostsRaw and In Process InventorySales Accounts ReceivableConversion CostsCost of Goods SoldRaw and In Process InventorySupplies Question Content Area c Journalize the transfer from work in process to finished goods If an amount box does not require an entry, leave it blank blankAccountDebitCreditblank Accounts PayableCashConversion CostsFinished Goods InventorySales Accounts ReceivableCost of Goods SoldFinished Goods InventoryRaw and In Process InventorySupplies Question Content Area d Journalize the sales ( all made on account ) and associated cost of goods sold for the month of January If an amount box does not require an entry, leave it blank blankAccountDebitCreditblank Accounts PayableAccounts ReceivableCashConversion CostsSales Accounts ReceivableCost of Goods SoldFinished Goods InventorySalesSupplies blank CashConversion CostsCost of Goods SoldFinished Goods InventorySales Conversion CostsCost of Goods SoldFinished Goods InventorySalesSupplies

Question

Kwanika Co   operates in a lean manufacturing environment  During its first year of operations, Kwanika budgeted for 4 0 , 0 0 0 hours in the production of 1 0 0 , 0 0 0 units in its Cell X   2 2   Materials costs were $ 7   0 0 per unit  Cell X   2 2 conversion costs were budgeted for the year as follows  Line Item DescriptionAmountDirect and indirect labor$ 9 0 0 , 0 0 0 Machine depreciation 1 2 5 , 0 0 0 Maintenance and supplies 3 7 5 , 0 0 0 Utilities 2 2 5 , 0 0 0 Total$ 1 , 6 2 5 , 0 0 0 During January, materials for 8 , 4 0 0 units were purchased on account  There were 8 , 2 0 0 units manufactured and 8 , 0 0 0 were sold and shipped to customers for $ 3 5 each  Conversion costs are applied based on units of production  Question Content Area a   Journalize the materials purchases  If an amount box does not require an entry, leave it blank  blankAccountDebitCreditblank Accounts PayableConversion CostsRaw and In Process InventorySalesSupplies Accounts PayableAccounts ReceivableCashCost of Goods SoldRaw and In Process Inventory Question Content Area b   Journalize the application of conversion costs  If an amount box does not require an entry, leave it blank  blankAccountDebitCreditblank Accounts PayableCashConversion CostsRaw and In Process InventorySales Accounts ReceivableConversion CostsCost of Goods SoldRaw and In Process InventorySupplies Question Content Area c   Journalize the transfer from work in process to finished goods  If an amount box does not require an entry, leave it blank  blankAccountDebitCreditblank Accounts PayableCashConversion CostsFinished Goods InventorySales Accounts ReceivableCost of Goods SoldFinished Goods InventoryRaw and In Process InventorySupplies Question Content Area d   Journalize the sales ( all made on account ) and associated cost of goods sold for the month of January  If an amount box does not require an entry, leave it blank  blankAccountDebitCreditblank Accounts PayableAccounts ReceivableCashConversion CostsSales Accounts ReceivableCost of Goods SoldFinished Goods InventorySalesSupplies blank CashConversion CostsCost of Goods SoldFinished Goods InventorySales Conversion CostsCost of Goods SoldFinished Goods InventorySalesSupplies

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Question: Kwanika Co . operates in a lean manufacturing environment. During its first year of operations, Kwanika budgeted for 4 0 , 0 0 0 hours

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