Trux Metals Inc. manufactures a product that passes through three departments: Melting, Skimming, and Molding. In August, the company produced 1,200 units with the following costs:
Melting Skimming Molding
Department Department Department
Direct materials $1,600 $2,200 $1,200
Direct labor 250 220 400
Overhead 800 900 600
Which of the following is the journal entry to transfer costs from the skimming department to the molding department?
a. Debit Work in Process (Molding) by $5,970 and Credit Work in Process (Skimming) by $5,970.
b. Debit Work in Process (Melting) b y s2,650 and Credit Work in Process (Molding) by $2,650.
c. Debit Finished Goods by $3,320 and Credit Work in Process( Molding) by $3,320.
d. Debit Work in Process by $8,170 Skimming) and Credit Finished Goods by $8,170.
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 00:30, ummmmmmmmmmmm
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
Business, 22.06.2019 02:50, smariedegray
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
Business, 22.06.2019 09:50, anonymous777739
Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000
Answers: 1
Business, 22.06.2019 10:00, Randomkid0973
University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.
Answers: 1
Do you know the correct answer?
Trux Metals Inc. manufactures a product that passes through three departments: Melting, Skimming, an...
Questions in other subjects:
Biology, 16.04.2021 05:50
Mathematics, 16.04.2021 05:50
History, 16.04.2021 05:50
History, 16.04.2021 05:50
