The Assembly Dept. had beginning WIP of $75,000. It added $70,000 of of raw mate
ID: 2502403 • Letter: T
Question
The Assembly Dept. had beginning WIP of $75,000. It added $70,000 of of raw material. It incurred an
additional $45,000 in Factory Labor and an additional $20,000 in Manufacturing Overhead. At the end of the
month there was an ending WIP balance of $20,000. Use this information to record the journal entries to WIP.
15 Record the requisition of additional raw materials.
Debit Credit
______________
______________
______________
______________
16 Record the additional labor.
Debit Credit
______________
______________
______________
______________
17 Record the MOH for the month.
Debit Credit
______________
______________
______________
______________
18 Record the transfer to Finished Goods.
Debit Credit
______________
______________
______________
______________
Use the information below to answer the questions for Dept. 1, Dept. 2 and Dept. 3.
19 Dept. 1 had a Beginning WIP balance of $30,000. It added cost of $255,000 and had an Ending
WIP balance of $50,000. How much cost did it transfer to Dept 2?
20 Dept. 2 had a Beginning WIP balance. It received the transfer from Dept. 1 and added cost of
$200,000 during the month. At the end of the month it transferred out $425,000 of cost to Dept. 3
and had an Ending WIP balance of $50,000. How much cost was in Beginning WIP.
21 Dept. 3 had Beginning WIP balance of $25,000. It received the transfer from Dept. 2 and added
$400,000 during the month. At the end of the month it transferred out $830,000 of cost to Finished
Goods. How much was left in WIP.
Explanation / Answer
The Assembly Dept. had beginning WIP of $75,000. It added $70,000 of of raw material. It incurred an
additional $45,000 in Factory Labor and an additional $20,000 in Manufacturing Overhead. At the end of the
month there was an ending WIP balance of $20,000. Use this information to record the journal entries to WIP.
15 Record the requisition of additional raw materials.
16 Record the additional labor.
17 Record the MOH for the month.
18 Record the transfer to Finished Goods.
Use the information below to answer the questions for Dept. 1, Dept. 2 and Dept. 3.
19 Dept. 1 had a Beginning WIP balance of $30,000. It added cost of $255,000 and had an Ending
WIP balance of $50,000. How much cost did it transfer to Dept 2?
Cost did it transfer to Dept. 2 = Beginning WIP balance + added cost - Ending WIP balance
Cost did it transfer to Dept. 2 = 30000 + 255000 - 50000
Cost did it transfer to Dept. 2 = $ 235000
20 Dept. 2 had a Beginning WIP balance. It received the transfer from Dept. 1 and added cost of
$200,000 during the month. At the end of the month it transferred out $425,000 of cost to Dept. 3
and had an Ending WIP balance of $50,000. How much cost was in Beginning WIP.
Dept. 2 had a Beginning WIP balance = Transferred of cost to Dept. 3+ Ending WIP balance - (Received the transfer from Dept. 1 + Added cost)
Dept. 2 had a Beginning WIP balance = 425000+ 50000 - (235000+ 200000)
Dept. 2 had a Beginning WIP balance = $ 40000
21 Dept. 3 had Beginning WIP balance of $25,000. It received the transfer from Dept. 2 and added
$400,000 during the month. At the end of the month it transferred out $830,000 of cost to Finished
Goods. How much was left in WIP.
Transferred to Finished Goods = $ 830000
Dept. 3 had a Ending WIP balance = Beginning WIP balance + Received the transfer from Dept. 2 + Added cost-Transferred of cost to Finished Goods
Dept. 3 had a Ending WIP balance =25000+425000+400000-830000
Dept. 3 had a Ending WIP balance =$ 20000
Debit Credit WIP Inventory $ 70,000
Raw Materials
$ 70,000
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