Following is a partial process cost summary for Mitchell Manufacturing\'s Cannin
ID: 2436640 • Letter: F
Question
Following is a partial process cost summary for Mitchell Manufacturing's Canning Depertment 15 Equivalent Units of Production Units Completed and transferred out Units in Ending Work in Process: Direct Materials Conversion 72,800 15,000 87,000 Direct Materials (15,eee 10x) Conversion (15,000 * 80%) 12,000 84,000 osEquivalent Units of Production Cost per Equivalent Unit Costs of beginning work in process Costs incurred this period Total costs Cost per equivalent unit s 43,se0 63,800 195,400 145,300 $188,800 $ 2.17 per EUP 259, 200 3.09 per EUP if the units completed were transferred to the Lobeling Deparnment what is the appropriate journal entry to transfer the co Multiple ChoiceExplanation / Answer
15.
72000 completed units were transfered to labelling department at $3.09.
= 72000 X 3.09 = $222480
journal entry
Work in progress - labelling $222480; Work in progress - canning $222480
Option B is correct
30.
Option C : Income planned for future period
A target income refers to income planned for future period. it is basically the amount of revenue a compony expects to generate in a particular accounting period.