Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 41

Journal Entries in Process Costing Systems
McGoun Corporation uses a process costing system for its two production departments: Mixing and Packaging. The company provided the following manufacturing cost information for the month of May:

a. Record the transfer of costs from the Mixing Department to the Packaging Department in May.
b. Record the transfer of costs from the Packaging Department to Finished Goods Inventory in May.

All of the direct materials used in the Cutting Department are added at the beginning of the process. On September 1, beginning inventory was 30 percent complete with respect to conversion. On September 30, ending inventory was 80 percent complete with respect to conversion. Compute equivalent units of direct materials and conversion used by the Cutting Department in September.