Leandro Corp There Were No Work in Process Inventories and 1,000 Podiums

question 95

Short Answer

Leandro Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following costs are given for April: $$\begin{array} { | l | r | r | r | } \hline &{ \text { Cutting } } & { \text { Assembly } } & { \text { Finishing } } \\\hline \text { direct materials } & \$ 7,000 & \$ 10,000 & \$ 3,000 \\\hline \text { direct labor } & 3,000 & 14,000 & 2,000 \\\hline \text { applied overhead } & 4,000 & 5,000 & 6,000 \\\hline\end{array}$$ There were no work in process inventories and 1,000 podiums were produced.
Record the journal entries to record the transfer of goods from process to process. a. Work in Frocess - Assembly 14,000
Work in Frocess - Cutting 14,000
Work in Frocess - Finishing 43,000
Work in Frocess - Assembly 43,000
Finished Goods 54,000
Work in Frocess - Finishing 54,000

b. Work in Frocess - Assembly 29,000
Work in Frocess - Cutting 29,000
Work in Frocess - Finishing 11,000
Work in Frocess - Assembly 11,000
Finished Goods 54,000
Work in Frocess - Finishing 54,000

c. Work in Frocess - Cutting 14,000
Raw Materials 14,000
Work in Frocess - Assembly 29,000
Raw materials 29,000
Work in Frocess - Finishing 11,000
Raw Materials 11,000

$\text { d. none of the above }$

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Definitions:

African-Americans

Citizens of the United States with total or partial ancestry from any of the black racial groups of Africa.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, designed to help the country recover from the Great Depression.

Marian Anderson

A celebrated American contralto, renowned for her extraordinary vocal range and versatility, as well as her groundbreaking role as an African American artist in the mid-20th century.

Mary McLeod Bethune

An African American educator and civil rights leader who founded the National Council of Negro Women and played a significant role in the New Deal government.