Process Costing 18-1B Entries for process cost system G & P Soap Company manufac

ID: 2447122 • Letter: P

Question

Process Costing

18-1B Entries for process cost system G & P Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On May 1, G&P; Soap Company had the following inventories: Departmental accounts are maintained for factory overhead, which both have zero balances on May 1. Manufacturing operations for May are summarized as follows: Instructions 1. Journalize the entries to record the Operations, identifying each entry by letter. 2. Compute the May 31 balances of the inventory accounts. 3. Compute the May 31 balances of the factory overhead accounts.

Explanation / Answer

Summary statistics for two samples

Q-Mart

Other Charges

Sample sizes

Sample means

192.81

104.47

Sample standard deviations

115.243

71.139

Confidence interval for difference between means

Sample mean difference

88.34

Pooled standard deviation

88.323

Std error of difference

30.201