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Problem - Process cost journal entries - The cost of materials transferred into the Filling Department of Lilac Skin Care Company is $20,250, including $6,000 from the Blending Department and $14,250 from the materials storeroom. The conversion cost for the period in the Filling Department is $6,372 ($1,600 factory overhead applied and $4,772 direct labor). The total cost transferred to Finished Goods for the period was $25,660. The Filling Department had a beginning inventory of $2,200.
Required -
a. Journalize the cost of transferred-in materials, the conversion costs, and the costs transferred out to Finished Goods.
b. Determine the balance of Work in Process-Filling at the end of the period.
Determine Units sales price and unit's contribution margin for the above product. HASF Corporation has fixed costs of 1,000,000 variable costs of 50 per units
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