Question

Question 1 1 pts Lombardi Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, S125,000, and $150.000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs from Department 1 into Department 2 during the period is: 390,000 Work in Process--Department 2 Work in Process--Department 1 390,000 255,000 Work in Process--Department 2 Work in Process--Department 1 255,000 375,000 O Work in Process--Department 2 Work in Process--Department 1 375,000 330,000 O Work in Process--Department 2 Work in Process--Department 1 330,000

Answer 1

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Answer Costs incurred in Department 1 are Direct Material Direct labor Applied Factory Overhead Costs incurred 100,000 125,000 150,000 375,000 Flow of Costs from Department 1 to Department 2 Beginning Work in Process Add: Costs incurred Less: Ending Work in Process Flow of Costs 75,000 375,000 (60,000) 390,000 Journal Entry for flow of Costs from Department 1 to Department 2 390,000 Work in Process - Department 2 Work in Process - Department 1 390,000 1st Option is the correct option