Green Company manufactures phones in a two-department process that involves Assembly and Finishing. The Assembly Department reported the follow data for the past month:
Direct materials added $336,000
Direct labor 460,000
Factory overhead 204,000
Total costs to account for $1,000,000
Units started 80,000
Units completed and transferred 67,200
Units not complete 12,800
Units in beginning inventory 0
The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs. The journal entry to record the requisition of direct materials for the Assembly Department includes a Debit to ________.
A) Direct Materials Inventory for $336,000
B) Work-in-Process Inventory, Finishing for $336,00
C) Work-in-Process Inventory, Assembly for $336,000
D) Finished Goods Inventory for $336,000
C
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Actual uncollectible accounts are debited to Accounts Receivable and credited to the Allowance for Doubtful Accounts at the time the specific account is written off.
a. true b. false
What is the role of the emergency change advisory board (ECAB)?
A. To assist the change manager in ensuring that no urgent changes are made during particularly volatile business periods B. To assist the change manager by implementing emergency changes C. To assist the change manager in evaluating emergency changes and to decide whether they should be authorized D. To assist the change manager in speeding up the emergency change process to that no unacceptable delays occur