DPH Corporation is in the chemical manufacturing business. Products go through two production departments (A first, then B). Data from those departments for November 20x1 are presented below:
DPH started 1,300 units of product during the month in Department A. Costs incurred in Department A for November 20x1 totalled $32,000 for material and $66,000 for conversion. Additionally, Department B incurred conversion costs in November 20x1 of $300,000. Department B adds no materials to the product.
a)Prepare a production cost report for Department B for November 20x1. DPH accounts for its costs using the weighted-average method.
b)Write out the journal entry for the transfer of goods from Department A to Department B.

Question

DPH Corporation is in the chemical manufacturing business. Products go through two production departments (A first, then B). Data from those departments for November 20x1 are presented below:
  DPH started 1,300 units of product during the month in Department A. Costs incurred in Department A for November 20x1 totalled $32,000 for material and $66,000 for conversion. Additionally, Department B incurred conversion costs in November 20x1 of $300,000. Department B adds no materials to the product. 
a)Prepare a production cost report for Department B for November 20x1. DPH accounts for its costs using the weighted-average method.
b)Write out the journal entry for the transfer of goods from Department A to Department B.

Quizplus · Accepted Answer

The Answer of DPH Corporation is in the chemical manufacturing business. Products go through two production departments (A first, then B). Data from those departments for November 20x1 are presented below:
  DPH started 1,300 units of product during the month in Department A. Costs incurred in Department A for November 20x1 totalled $32,000 for material and $66,000 for conversion. Additionally, Department B incurred conversion costs in November 20x1 of $300,000. Department B adds no materials to the product. 
a)Prepare a production cost report for Department B for November 20x1. DPH accounts for its costs using the weighted-average method.
b)Write out the journal entry for the transfer of goods from Department A to Department B.

DPH Corporation Is in the Chemical Manufacturing Business