Begzy Company Produces Calculators on an Assembly Line in a Single-Step

Begzy Company produces calculators on an assembly line in a single-step process. The following data pertains to November:

$\begin{array}{lr}\text { Current manufacturing costs: } & \\\text { Materials purchased } & 150,000 \\\text { Materials issued to production } & 120,000 \\\text { Direct labour } & 40,000 \\\text { Factory overhead } & 30,000\\\\\text { Finished goods for period } & 180,000 \\\text { Beginning work in process } &0 \\& \\\text { Ending woct materials } & \\\quad \text { Materials } & 3,000 \\\text { Direct labour } &? \\\text { Factory overhead } & ?\end{array}$

a.Prepare traditional journal entries for the following events in November:
1. Purchase of materials on account
2. Requisition of materials into production
3. Usage of direct labour
4. Application of overhead
5. Completion of finished goods

b.What is the amount of direct labour in ending work in process?
a.Prepare traditional journal entries for the following events in November:
1. Purchase of materials on account
2. Requisition of materials into production
3. Usage of direct labour
4. Application of overhead
5. Completion of finished goods
b.What is the amount of direct labour in ending work in process?

Correct Answer:

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a.1.
b.Ending WIP = $0 + $120...

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