Question: The Arlene Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units, 100% completed for
The Arlene Doll Co. uses a process costing system. Consider the following data for Dept. A.
UNITS:
W-1-P Nov. 1: 8,000 units, 100% completed for direct material
75% completed for conversion costs
Started in November: 10,000 units
Transferred to Dept B: 12,000 units
W-1-P Nov. 30: 6,000 units, 100% completed for direct material
50% completed for conversion costs
COSTS:
W-1-P Nov. 1: Direct Materials $9,600
Conversion 4,800
Costs added in November: Direct Material $15,600
Conversion 14,400
Use the WEIGHTED AVERAGE method. Prepare a complete process costing schedule for Dept. A for November (steps 1 to 5). Prepare a set of summarized journal entries for all November transactions affecting work-in-process, Dept A including the transfer to Dept B. Overhead was allocated at 200% of direct labor costs. Show all computations.
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