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Question
Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.| Equivalent Units of Production | Direct Materials | Conversion | |
| Units Completed and transferred out | 50,000 | 50,000 | |
| Units in Ending Work in Process: | |||
| Direct Materials (15,000 * 100%) | 15,000 | ||
| Conversion (15,000 * 80%) | 12,000 | ||
| Equivalent Units of Production | 65,000 | 62,000 | |
| Cost per Equivalent Unit | |||
| Costs of beginning work in process | $40,500 | $59,700 | |
| Costs incurred this period | 136,000 | 183,100 | |
| Total costs | $176,500 | $242,800 | |
| Cost per equivalent unit | $2.71 per EUP | $3.92 per EUP |
If the units completed were transferred to the Labeling Department, what is the appropriate journal entry to transfer the conversion costs?
A.Work in ProcessLabeling $183,100; Work in ProcessCanning $183,100.
B.Work in ProcessLabeling $196,000; Work in ProcessCanning $196,000.
C.Finished GoodsLabeling $183,100; Finished GoodsCanning $183,100.
D.Work in ProcessLabeling $196,000; Finished GoodsCanning $196,000
E.Finished Goods $242,800; Work in Process $242,800
Answer
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