Search here for Tutorials

If the Data is different in your question, please send your questions to homeworksolutionsnow@gmail.com. The questions will be answered at the same price.

Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and

Four Seasons Company makes snow blowers. Materials are added at the beginning of the process

Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, work in process is 40% complete and at the end of the month it is 60% complete. Other data for the month include:

Beginning work in process inventory                                        1,600 units
Units stated                                                                             2,000 units
Units placed in finished goods                                                  3,200 units
Conversion costs                                                                     $200,000
Cost of direct materials                                                            $260,000
Beginning work in process costs:
            Materials                                                                     $154,000
            Conversion                                                                  $  82,080

Required:
Prepare journal entries to record transferring of materials to processing and from processing to finished goods.

 
SOLUTION PREVIEW
Costs
Totals
Direct materials
Conversion
Work-in-process, beginning
236,080
154,000
82,080
Costs added during the period
460,000
260,000
200,000
  Total costs to account for
696,080
414,000
282,080


File name: Four-Seasons-Company1.doc File type: application/msword Price: $5