asuonline.alasu.edu 27) A perpetual record of a raw materials item that records

Question

asuonline.alasu.edu 27) A perpetual record of a raw materials item that records data on the quantity and cost of 27) units purchased, units issued for use in production, and units that remain in the raw materials inventory, is called a(n): A) Materials voucher B) Purchase ledger C) Materials requisition D) Materials ledger card. E) Purchase order. 28) Dazzle, Inc. produces beads for jewelry making use. The following information 28) summarizes production operations for June. The journal entry to record June production activities for direct labor usage is: S 87,000 160,000 Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales 155 % 432,000 444,000 810,000 A) Debit Work in Process Inventory S160,000 credit Factory Payroll Payable $160,000 B) Debit Factory Payroll Payable S160,000, credit Cash $160,000. C) Debit Work in Process Inventory $160,000 credit Cash $160,000. D) Debit Work in Process Inventory $160,000; credit Raw Materials Inventory $160.000. E) Debit Cost of Goods Sold S160,000; credit Factory Payroll Payable $160,000 29) At the beginning of the month, the Forming Department of Martin Manufacturing had 29) 10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. During the month the department started 60,000 units and transferred 62,000 units to the next manufacturing department. At the end of the month, the department had 8,000 units in inventory, 80% complete as to matenals and 60% complete as to conversion. How many units did the Forming Department start and complete in the current moath? A) 62,000 B) 52,000 C) 68,000 D) 58,000 E) 60,000 10

Explanation / Answer

27 Materials ledger card is a perpetual record of a raw materials item that records data on the quantity and cost of units purchased, units issued for use in production, and units that remain in the raw materials inventory 28 Debit Work in process inventory $160000, credit Factory Payroll payable $160000 29 Units started and completed = 62000-10000 = 52000

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.