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Figure 6-12 Reed Company Manufactures Steno Pads

Question 21

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Figure 6-12 Reed Company manufactures steno pads.There are two processes: printing and binding.
The following information is given for the printing department for November.
Figure 6-12 Reed Company manufactures steno pads.There are two processes: printing and binding. The following information is given for the printing department for November. The company uses FIFO inventory assumption. - Refer to Figure 6-12.What is the journal entry for the cost of goods sent to binding? A) work in process - binding $246,500 work in process - printing $246,500 B) work in process - printing $246,340 work in process - binding $246,340 C) work in process - binding $246,340 work in process - printing $246,340 D) work in process - printing $246,500 work in process - binding $246,500 E) none of these
The company uses FIFO inventory assumption.
-
Refer to Figure 6-12.What is the journal entry for the cost of goods sent to binding?


A) work in process - binding $246,500 work in process - printing $246,500
B) work in process - printing $246,340 work in process - binding $246,340
C) work in process - binding $246,340 work in process - printing $246,340
D) work in process - printing $246,500 work in process - binding $246,500
E) none of these

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