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Pharoah Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process inventory accounts show the following debits.

Cooking Canning

Beginning work in process $0 $4,480

Direct materials 23,520 10,080

Direct labor 9,520 7,840

Manufacturing overhead 35,280 28,960

Costs transferred in 59,360

Journalize the April transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

April 30

221 HW4 Ch 21

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(To record materials used)

30

(To assign direct labour to production)

30

(To assign overhead to production)

30

(To record transfer of units to the Canning Department)

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The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2022, the �rst month of operation.

Production: 7,280 units completed and transferred out; 3,120 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs.

Manufacturing costs: Materials $34,320; labor $21,840; and overhead $37,440.

Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)

CRANE FURNITURE COMPANY Sanding Department

Production Cost Report

Equivalent Units

Quantities Physical

Units Materials Conversion

Costs

Units to be accounted for

   Work in process, March 1

   Started into production

      Total units

 

Units accounted for

   Completed and Transferred out

   Work in process, March 31

      Total units

 

Costs Materials Conversion

Costs

Unit costs

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   Total Costs $ $

   Equivalent units

   Unit costs $ $

 

Cost Reconciliation Schedule

Costs to be accounted for

   Work in process, March 1

   Started into production

      Total costs

 

Costs accounted for

   Completed and transferred out

   Work in process, March 31

      Materials $

      Conversion costs

   Total costs

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At Oriole Company, overhead is assigned to production departments at the rate of $5 per machine hour. In July, machine hours were 3,300 in the Machining Department and 2,640 in the Assembly Department.

Prepare the entry to assign overhead to production. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

July 31

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Ivanhoe Company purchases $43,000 of raw materials on account, and it incurs $51,600 of factory labor costs. Supporting records show that (a) the Assembly Department used $20,640 of direct materials and $30,100 of direct labor, and (b) the Finishing Department used the remainder.

Journalize the assignment of the costs to the processing departments on March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

Mar. 31

(To record materials used)

31

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Production costs of the Finishing Department in June in Oriole Company are materials $24,000, labor $59,000, and overhead $36,000. Equivalent units of production are materials 40,000 and conversion costs 38,000. Production records indicate that 36,000 units were completed and transferred out, and 4,000 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials.

Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and �nal answers to 0 decimal places, e.g. 125.)

Cost Reconciliation

Cost accounted for

   Transferred out $

   Work in process

      Materials $

      Conversion costs

Total cost accounted for $

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Sandhill Company purchases $60,000 of raw materials on account, and it incurs $72,000 of factory labor costs.

Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

Mar. 31

(To record raw materials purchased)

31

(To record factory labor costs)

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Cullumber Company has the following production data for March 2022: no beginning work in process, units started and completed 25,200, and ending work in process 4,200 units that are 100% complete for materials and 40% complete for conversion costs. Cullumber uses the FIFO method to compute equivalent units. If unit materials cost is $7 and unit conversion cost is $11, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process. The total costs to be assigned are $501,480.

Completed and transferred out $

Ending work in process $

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(a1)

(a2)

The parts of this question must be completed in order. This part will be available when you complete the part above.

In Crane Company, total materials costs are $41,600, and total conversion costs are $68,040 for June. Equivalent units of production are materials 10,000 and conversion costs 12,000.

Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.)

Materials cost per unit $

Conversion cost per unit $

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The Smelting Department of Blossom Company has the following production data for November.

Beginning work in process 2,040 units that are 100% complete as to materials and 20% complete as to conversion costs; units completed and transferred out 9,180 units; and ending work in process 7,140 units that are 100% complete as to materials and 40% complete as to conversion costs.

Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

Materials Conversion Costs

Total equivalent units

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Ivanhoe Company has the following production data for selected months.

Ending Work in Process

Month Beginning

Work in Process Units

Transferred Out Units % Complete as to Conversion Cost

January –0– 37,800 10,800 40 %

March –0– 43,200 8,640 75

July –0– 48,600 17,280 25

Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process.

Materials Conversion Costs

January

March

July

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