Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Lubricants inc produces a special kind

29/10/2021 Client: muhammad11 Deadline: 2 Day

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.

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:

Work in Process—Refining Department
March 1 balance 32,600 Completed and transferred
to Blending ?
Materials 145,600
Direct labor 75,200
Overhead 473,000
March 31 balance ?
The March 1 work in process inventory in the Refining Department consists of the following elements: materials, $7,500; direct labor, $3,700; and overhead, $21,400.

Costs incurred during March in the Blending Department were: materials used, $45,000; direct labor, $17,300; and overhead cost applied to production, $108,000.

Required:

1. Prepare journal entries to record the costs incurred in both the Refining Department and Blending Department during March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Manufacturing overhead costs incurred for the entire factory, $646,000. (Credit Accounts Payable.)

Manufacturing overhead was applied to production using a predetermined overhead rate.

Units that were complete with respect to processing in the Refining Department were transferred to the Blending Department, $632,000.

Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $730,000.

Completed units were sold on account, $1,330,000. The Cost of Goods Sold was $590,000.


Raw materials $ 205,600
Work in process—Blending Department $ 40,000
Finished goods $ 29,000

2. Post the journal entries 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.)

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Assignment Helper
WRITING LAND
Financial Solutions Provider
Top Rated Expert
Assignment Hub
24/7 Assignment Help
Writer Writer Name Offer Chat
Assignment Helper

ONLINE

Assignment Helper

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$46 Chat With Writer
WRITING LAND

ONLINE

WRITING LAND

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$29 Chat With Writer
Financial Solutions Provider

ONLINE

Financial Solutions Provider

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$33 Chat With Writer
Top Rated Expert

ONLINE

Top Rated Expert

Being a Ph.D. in the Business field, I have been doing academic writing for the past 7 years and have a good command over writing research papers, essay, dissertations and all kinds of academic writing and proofreading.

$35 Chat With Writer
Assignment Hub

ONLINE

Assignment Hub

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$40 Chat With Writer
24/7 Assignment Help

ONLINE

24/7 Assignment Help

I have read your project details and I can provide you QUALITY WORK within your given timeline and budget.

$19 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Vc dimension of rectangle - Humn 8660 - Bus 475 week 5 final exam - Gbc international bank shoreline wa - Oticon alta2 pro minirite - Discussion 7 - Cash receipts budget managerial accounting - Armstrong and miller dance - Math Hw - Consent Searches - Framfield house medical centre - Ethics argument paper 1 - Healthy Care Community HIT Maintenance and Support Plan - Filtersorb sp3 does it work - Database design scenario example - Practical Connection Assignment - School Shooting presentation - Haworth building birmingham university - Why would a good communicator combine ethics with responsibility - Yaw motor wind turbine - 315 kva transformer weight - Industrial motor control diagram - The beach a river of sand - Uk driving licence template photoshop free - ESRI Zip Code Look Up Worksheet - Perspectives in history snhu - Supply chain management information system - Xlminer analysis toolpak linear regression - Hotel paris strategy map - How old was john flynn when he died - Haverhill echo online edition - The Early History of Correctional Thought and Practice - Strategic Action Planning - Map of wave rock - Unit 8 mobile apps development assignment - Spelling naplan year 7 - Romeo and juliet tattoo - Research and writing del 3 - Betasustainability etf units - Zeus poseidon and hades - Laboratory report - Inspector goole final speech analysis - New york cardiac diagnostic center - Andrew jose jlife london - All my sons ppt - What is happening in idaho tectonically speaking - Calvary pandan bible presbyterian - Eng 123 from problem to persuasion - The heavenly christmas tree pdf - Buy Research paper online on the net - Issue the appropriate command to discover the following information - Flurry heaven twitt - Caravan club outfit matching - Titration of acids and bases lab report answers - Vcaa biology grade distribution 2020 - Words that describe music - Core phonics survey - Australian healthcare & hospitals association - Hm case study summary - Tata nano the people's car case study solution - Atoms that gain or lose electrons - Experiment 1 heart valves and pumps - When was nursing founded - Workplace Violence - Sample soap note for diabetes - Chapter 15 vehicle spotting latin translation - Case study search engines in global business - Wendy Lewis 1 - Synopsis summary - Granville tafe english courses - Social work case presentation example - All my own work module 2 answers - Adobe marketing cloud id - Fish dissection lab worksheet - Smart goals for impaired physical mobility - The ugly american book sparknotes - Mindtools com pages article leadership style quiz htm - Ws x6716 10ge oversubscription - 3 8 unc tap drill size - Resurrecting sex resolving sexual problems and rejuvenating your relationship - When to use gastro stop - PPT - Miracle of the loaves and fishes mosaic analysis - Typhoon haiyan case study - The following information has been obtained for the gocker corporation - Internal parts of a squid - David tennant hamlet act 1 scene 1 - How to find the mass of oxygen in magnesium oxide - Lockwood keyless digital deadbolt - Home sweet home by ken saro wiwa - Python code - Penshurst girls high school - Which sequence correctly summarizes the accounting process - Multisim agilent oscilloscope - Han emperors in china worksheet answers - Discussion - Vbs report writing guide - Cultural artifact speech examples - Tlmt 601 - Causes of congressional gridlock