Return to the Blending Department for the Color World Paint Company in E5-26A. In E5-26A
Department are as follows:
Gallons:
Beginning work in process inventory ……………………………………0
Started production ……………………………………………………9,000 gallons
Completed and transferred out to Packaging in August …………..6,500 gallons
Ending work in process inventory (30% of the way through the
blending process) ………………………………………………………2,500 gallons
Costs:
Beginning work in process inventory ………………………………………$ 0
Costs added during August:
Direct materials (dyes) ………………………………………………………5,670
Direct labor ……………………………………………………………………800
Manufacturing overhead ……………………………………………………2,100
Total costs added during August ………………………………………… $8,570
Requirements
1. Prepare the journal entry to record the use of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Department. Also, give the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department. Assume the wages are unpaid.
2. Post the journal entries to the Work in Process Inventory-Blending T-account. What is the ending balance?

If you were running a company, what are at least two things you could do to improve its productivity.

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000