Begzy Company Produces Calculators on an Assembly Line in a Single-Step

question 100

Essay

Begzy Company produces calculators on an assembly line in a single-step process. The following data pertains to November:

$\begin{array}{lr}\text { Current manufacturing costs: } & \\\text { Materials purchased } & 150,000 \\\text { Materials issued to production } & 120,000 \\\text { Direct labour } & 40,000 \\\text { Factory overhead } & 30,000\\\\\text { Finished goods for period } & 180,000 \\\text { Beginning work in process } &0 \\& \\\text { Ending woct materials } & \\\quad \text { Materials } & 3,000 \\\text { Direct labour } &? \\\text { Factory overhead } & ?\end{array}$

a.Prepare traditional journal entries for the following events in November:
1. Purchase of materials on account
2. Requisition of materials into production
3. Usage of direct labour
4. Application of overhead
5. Completion of finished goods

b.What is the amount of direct labour in ending work in process?
a.Prepare traditional journal entries for the following events in November:
1. Purchase of materials on account
2. Requisition of materials into production
3. Usage of direct labour
4. Application of overhead
5. Completion of finished goods
b.What is the amount of direct labour in ending work in process?

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Definitions:

Ligamentum Arteriosum

A small ligament that is the remnant of the ductus arteriosus formed within 3 weeks after birth.

Pulmonary Trunk

A major artery that conducts blood from the right ventricle of the heart to the lungs for oxygenation.

Aorta

The largest artery in the body, originating from the left ventricle of the heart, and supplying oxygenated blood to the circulatory system.

External Iliac Artery

An artery that supplies blood to the lower limbs, originating from the common iliac artery.