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question please help me answer question 4 only thanks process jobcosting and equival 4292279

Question

please help me answer question 4 only. Thanks

Process JobCosting and Equivalent Units of Production

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bay Manufacturing producespaint. The company has two processes: mixing and packaging.

 

 

 

 

The ingredients for the paintare mixed in large batches and then transferred to thepackaging

 

 

 

 

department, where one-galloncans are filled, capped, labeled, and boxed.

 

 

 

 

 

 

 

 

 

 

 

 

 

There was no work in processon February 1. The materials are all brought to the packaging jobup front

 

 

 

 

and charged to the job.Nothing is transferred to finished goods until the entire job iscomplete. The

 

 

 

 

materials costs include thepackaging, material, and the cost transferred from the mixingdepartment.

 

 

 

 

 

 

 

 

 

 

 

 

On February 2, 15,000 gallons(job 2-1) were transferred into the packaging department fromthe

 

 

 

 

mixing department and completed onFebruary 19.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The costs incurred to completejob 2-1 in the packaging department are as follows:

 

 

 

 

 

   Materials

                      56,250

 

 

 

 

 

 

   Labor

                      11,250

 

 

 

 

 

 

   Overhead (applied based ondirect labor hours)

                        7,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On February 20, another 20,000gallons (job 2-2) were transferred into the packagingdepartment.

 

 

 

 

Job 2-2 was 50% complete as tolabor at the end of the month.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The costs incurred (unit costunchanged from job 2-1) to complete job 2-2 in the packaging

 

 

 

 

 

department are as follows:

 

 

 

 

 

 

 

   Materials

                      75,000

 

 

 

 

 

 

   Labor

                      15,000

 

 

 

 

 

 

   Overhead (applied based ondirect labor hours)

                      10,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INSTRUCTIONS:

 

 

 

 

 

 

 

1. Compute the physical units ofproduction.

 

 

 

 

 

 

 

2. Compute the cost per unitto complete packaging for labor, materials, overhead, andtotal.

 

 

 

 

3. Compute equivalent unitsand cost of work in process as of the end of February.

 

 

 

 

 

4. Record journal entries for:

 

 

 

 

 

 

 

     a.the movement of materials from materials inventory to each job

 

 

 

 

 

 

     b. the allocationof payroll to each job

 

 

 

 

 

 

 

     c. theapplication of overhead to each job

 

 

 

 

 

 

 

     d.the movement of work in process to finished goods

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

               

 

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