Wonder floor makes carpets with 2 departments

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Reference no: EM13672703

Wonder Floor makes carpets with 2 departments involved in production. Fiber is placed in process in the Spinning Department, where it is spun into yarn. The output of Spinning is transferred to the Tufting Department, where carpet is added, and the process is completed. Manufacturing operations follows:
Materials purchased on account = $84,600
Materials requisitioned for use:

Fiber - Spinning Dept = $42,800

Carpet - Tufting Dept = $34,400

Indirect Material - Spinning = $3,000

Indirect Materials - Tufting = $4,000

Labor used:

DL - Spinning = $23,000

DL - Tufting = $34,000

Indirect Labor - Spinning = $7,000

Indirect Labor - Tufting = $10,000

Depreciation on fixed assets:

Spinning = $2,000

Tufting = $1,500

Production Costs transferred from Spinning to Tufting = $80,000
Production Costs transferred from Tufting to ? = $130,000
COGS during period = $150,000

Journalize the entries to record the operations

Reference no: EM13672703

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