質問: lubricants, inc., produces a special kind of grease that is widely used by race car drivers.... lubricants, inc., produces a special kind of grease that is widely used by race car drivers. the grease is produced in two processing departments-refining and blending. raw materials are introduced at various points in the refining department. the following incomplete work in process account is available for the refining department for march: march 1 balance materials direct labor overhead march 31 balance work in process-refining department 33,000 completed and transferred to blending 144,600 68,200 475,000 ? the march 1 work in process inventory in the refining department consists of the following elements: materials, $8,700; direct labor, $4,200; and overhead, $20,100. costs incurred during march in the blending department were: materials used, $45,000; direct labor, $17,300; and overhead cost applied to production, $118,000. required: 1. prepare journal entries to record the costs incurred in both the refining department and blending department during march. key your entries to the items (a) through (g) below. a. raw materials used in production. b. direct labor costs incurred. c. manufacturing overhead costs incurred for the entire factory, $656,000. (credit accounts payable.) d. manufacturing overhead was applied to production using a predetermined overhead rate. e. units that were complete with respect to processing in the refining department were transferred to the blending department, $682,000. f. units that were complete with respect to processing in the blending department were transferred to finished goods, $730,000. g. completed units were sold on account, $1,450,000. the cost of goods sold was $660,000. 2. post the journal entries from (1) above to t-accounts. the following account balances existed at the beginning of march. (the beginning balance in the refining department's work in process is given in the t-account shown above.) raw materials work in process-blending department finished goods $ 209,600 $ 44,000 $ 19,000
回答: 1) transaction account titles and explanation debit credit a. work in process- refining $144600 work in process- blending $45000 raw materials $189600 (to record raw materials used in production) b. work in process- refining $68200 work in process- blending $17300 salaries and wages payable $85500 (to record direct labor cost incurred) c. manufacturing overhead $656000 accounts payable $656000 (to record manufacturing overhead costs incurred) d. work in process- refining $475000 work in process- blending $118000 manufacturing overhead $593000 (to record manufacturing overhead applied) e. work in process- blending $682000 work in process- refining $682000 (to record units transferred to blending department) f. finished goods $730000 work in process- blending $730000 (to record cost of goods manufactured) g(1) accounts receivable $1450000 sales $1450000 (to record sales on account) g(2) cost of goods sold $660000 finished goods inventory $660000 (to record cost of goods sold) 2) accounts receivable raw materials beg. bal. beg. bal. $209600 g(1) $1450000 189600 a. end. bal. $1450000 end. bal. $20000 work in process- refining department work in process- blending department beg. bal. $33000 beg. bal. $44000 a. 144600 682000 e. a. 45000 730000 f. b. 68200 b. 17300 d. 475000 d. 118000 e. 682000 end. bal. $38800 end. bal. $176300 finished goods manufacturing overhead beg. bal. $19000 beg. bal. f. 730000 660000 g(2) c. 656000 593000 d. end. bal. $89000 end. bal. 63000 accounts payable salaries and wages payable beg. bal. beg. bal. 656000 c. 85500 b. end. bal. 656000 end. bal. 85500 sales cost of goods sold beg. bal. beg. bal. $1450000 g(1) g(2) 660000 end. bal. $1450000 end. bal. 660000