Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Percent of DirectPercent of Assembly Department Beginning work in process Units transferred out Ending work in process Materials Added Conversion Units 2,000 9,000 3,000 408 60% 1008 80% 100 30 Beginning work in process $1,581 (includes $996 for direct materials inventory-Assembly dept and $585 for conversion) Costa added during the months Direet material Conversion $10,404 s 12,285 Required Prepare the November 30 journal entry to record the transfer of units (and costs) from the assembly department to the painting department. Use the weighted-average method.

Explanation / Answer

Working:

Ending inventory (Direct materials) = 3000 x 80% = 2400

Ending inventory (Conversion) = 3000 x 30% = 900

Cost of units completed and transferred = (9000 x $1.00) + (9000 x $1.30) = $9000 + $11700 = $20700

Transaction General Journal Debit Credit 1 Work in process inventory-Painting dept. 20700 Work in process inventory-Assembly dept. 20700 (To record transfer of units from assembly to painting)

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