MacDonald Company's Work in Process Inventory account had a $58,000 beginning balance on August 1 ($37,000...

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MacDonald Company's Work in Process Inventory account had a $58,000 beginning balance on August 1 ($37,000 of this related to direct materials used during July, while $21,000 related to conversion costs incurred during July). During August, the following costs were incurred in the department: (Click the icon to view the data from August.) Summarize the department's "Total costs to account for." Prepare a schedule that summarizes the department's total costs to account for by direct materials and convers X Data table Begin b Beginn Plus: C Tot Direct materials used... Direct labor.. Manufacturing overhead allocated to the department Print Done 102,000 $ 13,000 $ 156,000 $ 1 MacDonald Company's Work in Process Inventory account had a $58,000 beginning balance on August 1 ($37,000 of this related to direct materials used during July, while $21,000 related to conversion costs incurred during July). During August, the following costs were incurred in the department: (Click the icon to view the data from August.) Summarize the department's "Total costs to account for." Prepare a schedule that summarizes the department's total costs to account for by direct materials and conversion costs, Begin by selecting the appropriate labels for the schedule, then complete each column of the table. MacDonald Company Month Ended August 31 Beginning work in process, August 1 Plus: Costs added during August Total costs to account for Conversion Direct Materials Costs Total Costs Submit quiz Jelly Belly produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging. Assume that the Shells processing department began June with $18,300 of unfinished jelly bean centers. During June, the Shells process used $42,600 of direct materials, used $12,600 of direct labor, and was allocated $17,900 of manufacturing overhead. In addition, $126,500 was transferred out of the Centers processing department during the month and $196,700 was transferred out of the Shells processing department during the month. These transfers represent the cost of the jelly beans transferred from one process to another. 1. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? 1. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. Work in Process Inventory-Shells Work in process inventory Transferred to Packaging 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? jelly beans. This the cost incurred so far on applying the shells. The ending balance of represents the cost of making the the cost of making the jelly bean centers and MacDonald Company's Work in Process Inventory account had a $58,000 beginning balance on August 1 ($37,000 of this related to direct materials used during July, while $21,000 related to conversion costs incurred during July). During August, the following costs were incurred in the department: (Click the icon to view the data from August.) Summarize the department's "Total costs to account for." Prepare a schedule that summarizes the department's total costs to account for by direct materials and convers X Data table Begin b Beginn Plus: C Tot Direct materials used... Direct labor.. Manufacturing overhead allocated to the department Print Done 102,000 $ 13,000 $ 156,000 $ 1 MacDonald Company's Work in Process Inventory account had a $58,000 beginning balance on August 1 ($37,000 of this related to direct materials used during July, while $21,000 related to conversion costs incurred during July). During August, the following costs were incurred in the department: (Click the icon to view the data from August.) Summarize the department's "Total costs to account for." Prepare a schedule that summarizes the department's total costs to account for by direct materials and conversion costs, Begin by selecting the appropriate labels for the schedule, then complete each column of the table. MacDonald Company Month Ended August 31 Beginning work in process, August 1 Plus: Costs added during August Total costs to account for Conversion Direct Materials Costs Total Costs Submit quiz Jelly Belly produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging. Assume that the Shells processing department began June with $18,300 of unfinished jelly bean centers. During June, the Shells process used $42,600 of direct materials, used $12,600 of direct labor, and was allocated $17,900 of manufacturing overhead. In addition, $126,500 was transferred out of the Centers processing department during the month and $196,700 was transferred out of the Shells processing department during the month. These transfers represent the cost of the jelly beans transferred from one process to another. 1. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? 1. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. Work in Process Inventory-Shells Work in process inventory Transferred to Packaging 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? jelly beans. This the cost incurred so far on applying the shells. The ending balance of represents the cost of making the the cost of making the jelly bean centers and

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Requirement 1 Requirement 2 Given data for the month of August Direct m... View the full answer