Use the following information for the Quick Study below. [The following informat

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Use the following information for the Quick Study below.

[The following information applies to the questions displayed below.]

The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,400 units during November. The following production activity unit and cost information refers to the assembly department’s November production activities.

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.

Record the transfer of units from the assembly department to the painting department (weighted-average method.)

Assembly Department Units Percent of Direct
Materials Added Percent of
Conversion Beginning work in process 2,000 75 % 25 % Units transferred out 9,000 100 % 100 % Ending work in process 4,400 85 % 35 %

Explanation / Answer

Equivalent unit of material = 9000+(4400*85%) = 12740

Equivalent unit of conversion = 9000+(4400*35%) = 10540

Cost per equivalent unit of material = (1688+17422)/12740 = 1.5

Cost per equivalent unit of conversion = (498+20582)/10540 = 2

Cost of units transferred out = 3.5*9000 = 31500

Journal entry :

Date account and explanation debit credit Nov 30 Work in process-Painting department 31500 Work in process-Assembly department 31500 (To record transferred out)

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