Question

is this right ?

Wancial Managerial Accounting 2 Hele sistem can Q Additional Exercise 162 Benson Industries uses a procesom products are red first by Dont by and they are here Costs of units transferred in Madacturing costs added in Department: Director Mandaring overhead Tot changed to Deatment October The cost of work in process in Department October 25,000, and the cost of work in proces. Perumal to record the month of October (Credits are some detais. (a) The trader of production from Demet (c) The trade of comments the war Accounting Bry study C) work recept 1. 75,000 5000 12.000 Manufacturing Overhea rushed Goods mentary 19.00 190.000 Work in Pret G 3 Type here to search

Answer 1

No.	Account Titles and Explanation	Debit ($)	Credit ($)
(a)	Work in Process - Dept. B	$ 120,000
	Work in Process - Dept. A		$ 120,000
	(To record the tranfer of production from Dept. A to B )
(b)	Work in Process - Dept. B	$ 81,000
	Raw materials inventory		$ 50,000
	Factory Labor		$ 12,000
	Manufacturing overhead		$ 19,000
	(To record the manufacturing costs incurred by Dept. B )
(c )	Finished Goods Inventory ( $ 25,000 + $ 201,000 (-) $ 30,000 )	$ 196,000
	Work in Process - Dept. B		$ 196,000
	(To record the tranfer of Finished goods from Dept. B )