Paint PacksPaint Packs prepares and packages paint products. Paint PacksPaint Pa
ID: 2430720 • Letter: P
Question
Paint PacksPaint Packs prepares and packages paint products. Paint PacksPaint Packs has two? departments: Blending and Packaging. Direct materials are added at the beginning of the blending process? (dyes) and at the end of the packaging process? (cans). Conversion costs are added evenly throughout each process. Data from the month of May for the Blending Department are as? follows:
Requirement 1. Present the journal entry to record the use of direct materials and direct labour and the allocation of manufacturing overhead to the Blending Department. ?(Record debits? first, then credits. Explanations are not? required.)
Journal Entry
Date
Accounts
Debit
Credit
Record the journal entry to record the costs of the litres completed and transferred out to the Packaging Department.
Journal Entry
Date
Accounts
Debit
Credit
Requirement 2. Post the journal entries to the Work in Process
Inventorylong dash—Blending
?T-account and calculate the ending balance. ?(For entries with a zero? balance, make sure to enter? "0" in the appropriate cell. Leave unused cells? blank.)
Work in Process Inventory—Blending
Bal. May 1
Bal. May 31
Journal Entry
Date
Accounts
Debit
Credit
Explanation / Answer
1.
2.
Journal Entry Date Accounts Debit Credit May-31 Work in process-Blending 8121 Raw materials inventory 5820 Wages payable 1000 Manufacturing overhead 1301 May-31 Work in process-Packaging 6120 Work in process-Blending 6120Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.