question 1-4

Instructions: Complete the following question in a word document or excel file and upload the file on D2L. Q1. Prepare journal entries to record the following- a. Raw materials were issued for use in production- Moulding department for $28000; the firing dept 5000 b. Direct labor cost-Moulding department $18000; firing dept 5000 C. Manufacturing overheads- Moulding department $24000; firing dept 37000 d. Unfired molded bricks were transferred from the Moulding to Firing Department. According to the company's process costing system, the cost of bricks was $67000 e. The cost of finished bricks transferred from the Firing department to the Finished goods department was $108,000 f. Finished bricks were sold to customers. The cost of finished bricks sold was $106,000 Q2. Compute equivalent units of production with the help of the following information- Percentage completion Units materials Conversion WIP, OCTOBER 25,000 90% 60% 1 WIP, OCTOBER 15,000 31 70% 50% the department started 195000 units into production during the month and transferred 205000 completed units to the next department. Q3. Compute the cost for the equivalent unit for materials, labor, overhead, and in total- materials labor overhead work in $28,000 $22,000 $117500 process, May 1 $52,000 $18500 $63600 cost added during | May equivalent 1500 800 1200 units of units production Q4. from the following given information, calculate cost per equivalent unit for materials, labor, and for overhead. Also, calculate the total cost per equivalent whole unit materials labor overhead work in $18,000 $5500 $27500 process, May 1 $238900 $80300 S401500 cost added during May equivalent 35,000 33,000 33,000 units of units production