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EA18.
LO 5.5Prepare the journal entry to record the transfer of 3,000 units from the packaging department to finished goods if the material cost per unit is $4 and the conversion cost per unit is $5.50.

Respuesta :

Answer:

The journal entry to record the transfer of 3,000 units from the packaging department to finished goods is given below.

Debit Finished Good Account                             $ 28,500

Credit Packaging Department Cost Account     $ 28,500

Working

Per unit Cost = Conversion cost + Material Cost

                      = 4 + 5.5 = $ 9.5

Total cost to be transferred = 3000 * 9.5 = 28,500