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Question description
P16a-19B
Roots Exteriors produces exterior siding for homes. The preparation department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Then the wood/adhesive mixture goes on to the Compression Department, where the wood is compressed into sheets. Conversion costs are added evenly throughout the preparation process. March data for the Preparation Department are as follows (in millions):
Sheets
Costs
Beginning work in process inventory
0 Sheets
Beginning work in process inventory
$0
Started production
3,300 Sheets
Costs adding during March:
Completed and transferred out to Compression in March
1,900 Sheets
Wood
2,600
Adhesives
1,365
Direct labor
640
Ending work in process inventory (45% of the way through the preparation process)
1,400 Sheets
Manufacturing overhead
2,445
Total Costs:
$7,050
Draw a time line for the Preparation Department.
Use the time line to help you compute the equivalent. (Hint: Each direct material added at a different point in the production process requires its own equivalent-unit computation.)
Compute the total costs of the units (sheets)
Completed and transferred out to the Compression Department
In the Preparation Departments Ending work in process inventory.
Prepare the journal entry to record the cost of the sheets completed and transferred out to the Compression Department.
Post the journal entries to the Work in process inventory Preparation T-Account. What is the ending balance?
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