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10 December, 16:41

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.

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  1. 10 December, 19:18
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    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
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Home » Business » 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.
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