Notes
For
107
(1st
Test)
Minstrelsy
Minstrelsy
is
the
first
distinctively
American
form
of
popular
culture.
The
minstrel
show
was
the
first
form
of
musical
and
theatrical
entertainment
to
be
regarded
by
European
audiences
as
distinctively
American
in
character
The
minstrel
show,
or
minstrelsy,
was
an
American
entertainment
consisting
of
comic
skits,
variety
acts,
dancing,
and
music,
performed
by
white
people
in
blackface
Minstrelsy
featured
mainly
white
performers
who
artificially
blackened
their
skin
and
carried
out
parodies
of
African
American
music,
dance,
dress
and
dialect.
Today
black
face
minstrelsy
is
regarded
with
embarrassment
or
anger
Minstrel
shows
lampooned
black
people
as
ignorant,
lazy,
buffoonish,
superstitious,
joyous,
and
musical
Blackface
minstrelsy
was
the
first
distinctly
American
theatrical
form.
In
the
1830s
and
1840s,
it
was
at
the
core
of
the
rise
of
an
American
music
industry,
and
for
several
decades
it
provided
the
lens
through
which
white
America
saw
black
America
In
1848,
blackface
minstrel
shows
were
the
national
art
of
the
time
Arbiters
of
public
taste
and
morals,
including
newspaper
and
magazine
publishers,
politicians,
and
the
clergy,
ridiculed
minstrelsy
as
an
indicator
of
the
deprived
state
of
the
lower
classes,
and
urged
its
rejection
in
favor
of
more
refined
(i.e.
European-‐derived)
forms
of
entertainment
As
blacks
began
to
score
legal
and
social
victories
against
racism
and
to
successfully
assert
political
power,
minstrelsy
lost
popularity
There
are
remnants
of
this
practice
even
today.
Up
until
the
1960’s
(1930s
for
Duke
Ellington)
there
are
no
roles
in
movies
or
stage
where
you
see
roles
that
were
not
demeaning
for
blacks.
Duke
Ellington
and
Sydney
Poitier
were
the
first
to
break
out
of
such
stereotype.
The
minstrel
show
is
also
the
direct
ancestor
of
vaudeville,
a
kind
of
variety
show
that
became
the
dominant
form
of
popular
entertainment
in
the
late
19th
and
early
20th
century
America.
And
while
the
mass
success
of
the
blackface
minstrel
show
doubtles.
293. Trumpet:
Louis
Armstrong
2125113 Ass;ignnrent Print View
Exercise 1ti1 5 Completing a process cost sumftrary L-A. C3
The follot,ing partially completed process cost summary
descdbes lhe May production actilities of Raman
Company, lts production output is sent to its warehouse for
shipping.
Ectuivalent units of production
Units trirnsfened out
Units of r::lnding goods in process
Equilalr:n1l units of production
Costs per EUP
Costs of ikleginning goods in process
Costs inr:;uned this period
Total ccsl.s
Direct Direct l:;actory
Materials Labor C'rrerhead
$ 35,000 $ 1,600 $ 3,200
8731:00 1?4i0?0 2081909
294. $908,800 $105,600 $ ztt,2oo
Direct F,actary
Labor t.)rcrhead
122,000 'l?2,000
1o:ooo
19999
132,000 132,000
$
__" 1_ "
Unit corit information
Direct Materialr;
Direct
Materials
122,000
20:000
142,0AA
Units in Jnr*ginning goods in process 7,000
Units si:arnlled this period 135,000
Units cr)rrlrpleted and transfened out '122,000
Units in emding goods in process 20,000
Prepare il$ process cost summary using the weighted-arerage
rnethod. {ffi*l*n* ys$-r*"
fr$Tsw*tr*i :f6 ff d***sr'*a$ p$**es nnd *qsrssid*r th*
s&ffi"** is'x t*r'u *thsr **$s*^.r$atfr**s.
295. anwpd#r$ iiqp the neares8 ***&*r as'*i*qJnt" #ret** *$r*
n*$*n *$gr: *x'r y*r"xr ir#sp#ffiffi")
*qlsr* B*n ffi{.$F
ffisl**d *t*r*r
RAMAN COMPANY
Process Cost Summary
For Month Ended May 31
to ProductionCosts C;tir
6
-L-
t
- - --E.--,,, -a , ,L
ezto.mhecl oud.rrcg raw hi ll ll, comft m.tpx
Total costs to account for
Units to account for
(Click tro select)
Click to select) | -
Total units to account for
Er:lurir,alent Units of Production (EUP)
lcri'k {;;]
l (cti"k 1,.;',
Equiwkrn{ units of production
296. I ('i"k 1,;; ;
It-""sq'ia|
Total ccrgl'g
Icri"k r,;, ,i
Cost per liiiUP
Units accounted for
{Click to select) T
(Click to sefect) ?
Total units accounted for
Direct Labor Factory Owrhead
Direct Materi:rls
$
Factory Owrhead
$
Cost assignment and reconciliation
per EUP
Direct Labor
per EUP per EUP
297. 1t11
UOSTS tri:lnsleffe0 OUt
(Click: to select) t
(Click to select) v
(C1ick lar select) ?
2t25t13 Asliignnent Print Viary
Total tranrsfened out
Cos ts of endino qoods in orocess
(Click ln,select) ?
(Click tar select) q
(Click tr::r select) I
Total errrling goods in process
Total crcrlits accounted for
Yieur-,r!rui
ljllcrkshrarilt
Fx*rciser i'ri-?5 Co;"npfef*?$ a pflocess c*sf s{Jn?rrlary
r.s. c3
2.
Fxerc8e f li:'4 Recording overhead costs L.O. PS
Prepare joumal entdes to record the following production
acti,ities.
298. 1.
Paidorerheadcosts(otherthanindirectmaterialsandindirectlal:ror)
of$23,000.(Omitthe"$"signin
your rc*;ponse.)
General Joumal Debit Credit
ffi
2.
Used{i5B,000ofdirectlaborinproduction.AppliedorrerheadatSso/
oofdirectlaborcosts.{Omitthe"$"
sign in your response,)
General Joumal Debit Oedit
@ffi
rffi
View H!ffi#1
Workshet*t: . .''' .. :
Fxercise t'$--f Recarding ov*rh*ad costs 1.0- P3
3.
Exercise 16-11A Casts assrgned to output-F|FO L.O. C4, P4
During April, the production department of a process
manufucturing system completed a numberof units of
a product and transfened them to fnished goods, Of these
transferrecl units, 59,000 were in process in the
production department at the beginning of April and 310,000
werc si:arted and completed in April. April's
beginning inEntory units were 70Yo comflete with respect to
materials and 30Yo complete with respect to
labor. At the end of April, 87,000 additional units were in
299. process in the prcduction department and were
600/o complete with respect to materials and 60% complete
with rcsper;t to labor.
The production department had $1,025,000 ofdirect materials
and $6i'2,000 of direct labor cost charged to
it during April. Also, its beginning inentory included $121,UO
of direct materials cost and $49,890 of direct
labor.
1 . Using the FIFO method, compute the direct matedals cost
and th i! direct labor cost per equialent unit
for the department. (Round your ansrLers to 2 decimal pl;rces
Omit the '$" sign in your
respon{re"}
Direct Materials Direct L,abor
Cost p€,r equialent unit $ EUP $ EUP
ezto.nhecloud.nrcgrarrhill.corrvhm.tpx 2111
2125113
4.
5.
General Joumal
@ri
mI
@l!
ezto.n*'recl oud. rncg r aw hi I I . clrm/hm.tpx
300. Acrsignnent PrintVieu
2. Using the FIFO method, assign April's ccsts to the
dep€rrtment's output-€pecifically, its units
tmnslbned to fnished goods and its ending goods in prccess
inr,entory. {Round your intermediate
calculations and linal ansffer to 2 decimal places Omit thu "$"
sign in your response.)
Total cost $
View Ftnt#1
lfforkshGet
Fxercfsr:r 16-i 1A Cosfs as$igfr?ed fo oi.rfpr.rf-FfF0 l.O.
c4, p4
Exercr'se 1ti-13A Equiualent unrls computed-FFA L.O. C4
The proddction department in a process manufacturing system
completed 196,500 units of product and
transfener! them to finished goods during a Ecent period. Of
thesr:r units, 28,000 were in process at the
beginningl of the period- The other 168,500 units were started
and completed during the period. At period
end. 25,500 units were in process.
Compute the depailment's equiralent units of production with
respe(;t to direct materials under each of the
three separate assumptions using the FIFO method fur process
costing.
l. All dircpt materials are added to products lvhen processing
begin{i.
301. Total EUP
2. Dtnect rnaterials are added to products evenly throughout the
process. Eeginning goods in process
inentoly was 45% comdete, and ending goods in process
inr,entury was 65% complete.
Total EUP
3. One+alf of direct materials is added to products when the
process begins and the other half is added
when the process is 70% complete as to direct labor. Beginning
goods in prccess inr,entory is 30%
complete as to direct labor, and ending goods in process
inrentorlr is 55% complete as to direct labor.
View l-{nt#1
. Exercise 16.1sAti:suivarentunitscomputed-FtFo
hi:?:H,i:':S;jm*:".nm*f;t:;;Worksheet L'o' c4
FrFo.
Fxerclse 16-5 Recording cost of completed goods L.O" P4
Prepane joumal entries to rccord the fullowing activties.
l- Transfered completed producls with a cost of $140,000 to
fnished goods inventory. {Omit the "$" sign
in your response.)
General Joumal Debit Credit
l(cti"*ffi
@
2. Sold $449,000 ofproducts on credit. Theircost is $174,000.
(Omitthe "$" sign in your response.)
302. Total HUP
Debit Credit
3t11
2J25113
6.
Raw material's; purchases (on credit)
Factory payr<rl,l cost (paid in cash)
Other overhe,eld cost (Other Accounts credited)
Materials usieol
Direct
lndirect
Labor used
Direct
lndirect
Orerhead rater ins a percent of direct labor
Sales (on cn:lrC,it)
ezto.ml'rec| oud.mcg ra F hi I I .r:rrm/hm.tpx
As,slg nrnent Print Vieut
tr
View.llinl#1
!rysrksihi:r,l*t
303. Fxercgse x 6-5 Recorct'rng cosf of conrplefeef goods ;
L,A. P4
Exercise 1'6-3 Recording casts ol labor L.O. P2
Prepare joumal entries to record the following production
actiVties.
1. lncuncd total labor cost of $Z/,000, which is paid in cash.
{Omit the "$" sign in your response.}
Debit
msl,
t.-
[(C;tick to select) i- |
2. Used $f:i2,000 of direct labor in production. {*mit th* **$"
sign in your resp*nse"i
@sr '
[l'
3. Used lFl5,000 of indirect labor. {S*nit tlte
on$" si$n in y*ur respnrrse.}
@il
ld'
Raw materii'tls; inrentory
Goods in proc'ess inwntory
Finished gorr;ds inr,entory
Debit
304. Debit
Credit
Credit
Credit
Workshe eii
Exer*ise "1,{i-3 Recardi*g r*sfs *f fab*r L.0" Pz
Problem 16-1 A Production cost flow and neasurement; jaurnal
enl'4es L.A. PI , P2, P3, P4
[me foilowing infomation appliesto fhe guesfibns displayed
below.]
Edison Company manufactures urool blankets and accounts for
product: costs using prccess costing. The
following infornation is available regarding its May
in,entories.
Beginning Ending
lnlentory lnventory
$ 57,000 $ 49,000
425,000 il9,500
636,000 333,001
The following arcilditional information describes the company's
production ilctivities for May.
$ 300,000
1,600,000
99,000
305. $ 195,500
70,000
$ 707,000
893,000
12lo/o
$ 3,000,00c
4111
2125t13
7.
L
Problem 1,6-1A Part 1
Required:
1(a)Compute the cost of products transbned ftom pmduction to
finished goods. (omit the "$" dgn in
your response,)
Cost ofproducts transfened $
1(b) Compute the cost of goods sold. (Omit the "$'- sign in your
nrsponse,)
Cos;t of goods sold $
Workshreirrt
Prablem I fi-f A Farl l
306. iliffrcu{g: i-{ard
Problem 16.14 Part 2
2(a) Prepare joumal.entry dated May 31 to record the raw
materials purchases. (Omit the "$" sign in your
response.)
DatE General Joumal Debit Credit
May 31rm
2(b)Prepare ioumal entry dated May 31 to record the direct
matedal$ usage. {Omit the "$" dgn in your
resp$niiie")
Datel
May il"l
Debit Credit
%
2(c)Prepare ianmal entry datd May 31 to recqd the indirect
matetidtl ussge. (Offit &e '$" sign in yaur
respsilriil:l-l
Datr: Debit Credit
May 31
ffi
2(d) Preparejoumal entry dated May 31 to record the payroll
costs. {Onrit the "$" sign in your response.)
Datt'r General Joumal Debit Credit
307. General Joumal
(Click to select) l-
General Joumal
General Joumal
May 31
ffi
2(e)Prepare joumal entry dated May 31 to record the direct
labor crrsts. {Omil the "$" sign in your
resp*n $*,, !
Date Debit Credit
May 31
ffi
2(f) Prepare joumal entry dated May 31 to record the indirect
labor crrsts. (Omit the "$" dgn in your
resPcnsie'')
ezto.n*recl oud.nrcg ranrrhil l.r:inry'hm.px
- 'tij
5111
2t2AB Assignnent Print Vierry
308. l[late General Joumal Debit Credit
t/ery31 @
-Fl(Click to select) | Y
2(g)Preparc joumal entry dated May 31 to record the
otherorerhr:ad costs. (Omit the "$" sign in your
res4xlnse.)
Dtate General Joumal Debit Credit
Glick to select) i v
2(h)Prcpare joumal entry dated May 31 to recod the orerhead
applied. (Omit the "$" sign in your
r*$pfil'nss.)
[]'ate General Joumal Debit Credit
May 31
W
2(i) Prepate.ioumal entry dated May 31 to rccod the goods
transft:ned ftom production to finished goods.
{Omit the "$' sign in your response.)
I{ilry 31
Dinte General Joumal
M,a1r .J1
2(j) Prepaue joumal entry dated May 31 to record the sale of
finish,:d goods. {Omit the "$" sign in your
resprsrYl$s.1
Date Debit Credit
309. May, 31
@ ----lI
General Joumal
Debit Credit
It
Worksh*r*l
Fr*b lem t fi:-1 A Part ? . -:,
! ^:"
Problem 16-2,4 Cost per equivalent unrt; cosfs assrgned fo
produc,tl L.O. C2, C3
[The following inform ation ap plies to fhe guestrbns disp layed
b e low.]
Fairfax Company uses weighted-a,erage process costing to
account for its production costs. Direct labor is
added elenly throughout the process. Dircct materials are added
at th,:r beginning ofthe process. During
September, the company transbned 785,000 units of product to
finisheC goods. At the end d September,
the goods in process in,entory consists of 179,000 units that are
50(i5 complete with respect to labor.
Begtnning antentory had $375,96O of direct matedals and
$65,588 of direrlt labor cost. The direct labor cost
added in September is $1,246,162, and the direct materials cost
added iri' $2,516,949.
sectionBreak :::iffilifi":'"f ,:;:3i::3':""u'"'""
310. o
Prablem 16-.11,,4, Part I
Required:
1(a) Determitrrir the equiwlent units of production with respect
to direct liltnr.
ezto.rrhec I oud. nrc g r auF h i I I . r;lrm/h m. tpx 6t11
212913
both the direct labor cost and the direct materials
to 2 decimal place. Omit the '$" sign in your re
rHffiTt Print Meuv
per equiwlent unit. {Round
.l
{(b)
Prable
Problem
2-
Di
Di
Warks
-r$ij,
311. Prabfem 1
3(a) Com
out.
am
start of
USES
Process
tl
l-lo Part 2
i
Aa-zn Part I
I
I'1.
I
I
I
I
I
I
-l,r i-tt
.1"bcmt
,f"!91"8,"d
312. aterials
your
Per equiulent
unit
$
i* '*"**'-
i
q
i=..-"--_..,.,___ :_" -"i
Part 2
11,
Part 3
both direct labor cost and direct materials cost ass
nd your per unit costs to 2 decimal places and
to units cornpleted and tmnsfuned
I anwrrers to the neares* dsllar
to ending goods in process
Cost transfened
out
$l
**-*i
materials
313. decimal
cost
I places final an$rers to the neares*
dolla
I goods in pnrcess
Prabtem 1 Pa* 3
Prablem I
Easton Co. ces its product thrwgh a single processing depart
Direct rnaterials are added at the
, and direct labor and orcrhead are added erenly the process.
The company
rcporting periods for its weighted-a€Ege process ng system. lts
Goods in
account bllcnrs afrer entries for direct materials,
both direct labor cost and direct
ti {Round ycur per unit cosfs ttr 2
*rountl
I'
I
j Costs of ending
1
I
process cosf sumffnry; egunralenf unrfs L.A. C2,
ezto. nhecl oud. nrcg raru- hi I tpx
314. labor, and owrfiead eosts fur
7111
2t25t13
Debit Credit
103,000
423,000
249,AOO
rtssig nrnent Print View
Acr :t. No.133
llalance
276,296
379,286
802,286
1 ,051 ,296
Octoberr.
Goods in Process lnrcntory
Dart e Explanation
Ocl:. 1 Balance
31 Direct materials
:3'tr Direct labor
315. :3'l Applied owrhead
Its beginning goods in process consisted of $43,030 of direct
rnaterials, $79,920 ot direct labor, and
$153,3,36 of fuctory or,erhead. During October, the company
start,:d 144,000units and transfenEd 151,000
units tr)finished goods. At theend of the month, the goods in
pn,:ess inrentory consisted of 20,800 units
that were 80% complete with respect to direct labor and hctory
ov:rrhead.
Required:
l. Prepare the companyb process cost summary for October
using the weighted-arerage method. {Round
you:r cosl per EUp an$,uers to 3 decimal places anl consider the
same in the other
calc.ulationg Round other an${rers to the nearesf dollat irmounl
Omit the "$" sign in your
req:ronse.)
EASTON CO.
Process Cost Summary
For Month Ended October 31
Tc{:il [eginnirg goods ln process
tLilick to sdect)
Tokrl inrcuned this penod
Tota I r::r:sts to accor.rnt firr $
Unit c, rst inforrnation
Units accounted for
316. (CIick to select)
{Gick to sdect)
t
-
?
Total units accountd forTotal units to acconnt for
Equiwlent units of production
@r-i
@ili
Equivalernt units of production
mrt
@iir
Total corlts
@I
Cost pe,r EUP
Drect t/aterials Drect Labor Factory Owrhead
EUP
EUP
EUP
EUP
EUP
317. EUP
EUP EUP EUP
Dire:;t Materials Direct Labor Factory Orcrhead
$
EUP
per EUP
EUP
per EUP
EUP
per EUP
Cost assignment and reconciliation
Costs lri:lnsfered out
(Clic'k to select) lv
k
?
iT
!m
itF
Clicl.,r to select
Clictl to select
Total trirnrsfened out
318. Costs cil ending goods in process
ezto. mhecl oud. nrc g r avF hi I I .'c,r:rndhm. tpx
Cor;'tsi; Charged to Production
Units to account for
iGi;1,r,
'io sdect)
8111
(Cli,ck to select) rr
(Cliic,k to select) I
(Clrickr to select) v
2t25113 Assigtrnent PrintView
Prepare the joumal entry dated October 31 to transfer the cost of
the comdeted units to finished goods
in,entoD/. {Omit the "$" dgn in your response.}
Date General Joumal Debit Credit
oct.:31 @ --TJ]
bforkshe,efi
FraSlem 1€i-4A Prccess c+sls*m maty: eguirraienf
unifs 1"6. t-)il, S3, F4
Problem ? 6-54 Process cast summary, equivalent unifg cosl
319. esfl:xafes L.A. C2, C3, P4
phefollowing lnformation appliesto ffie quesf,bns displayed
below.l
Ogden Co. manufactures a single product in one department. All
direct materials are added at the
beginning ol the manufacturing process. Direct labor and
or,erhealj are added evenly throughout the
process. Thre company uses monthly reporting periods for its
weight{d-aerage prcrcess cost accounting.
During Octobel the company completed and transfened 23,200
units of product to finished goods
inrentory. ft{i 4,100 units of beginning goods in process
consisted of 5i20,000 o{ direcl matedals, $205,300
of dit.ect labor, and $98,840 of factory or,erhead. lt has 2,200
units (1 00% complete with respect to direct
materials and 800/o complete with respect to direct labor and
owrhr:nd) in process at month-end. After
entries to recod direct materials, direct labor, and oierhead for
Octobrr, the company's Goods in Process
lnentory account follows.
Total reinrJing goods in process
Total corsts to account for
Goods in Process lnentory
Date Explanation
Oct. 1 Balance
31 Direct materials
31 Direct labor
31 I ApplieO owrhead
+-'u' rJl
320. Debit Credit
495,900
1,288,300
982,44A
Acct. ttlo.133
Balartce
3:14,140
8;10,040
2,108,340
3,0!)0,780
$ection friir4*'63
Pr*blerx I ti'-54 Pr***ss ctlst stltrtr:rl*{y, eqLJivzl*nt
u*its, cast#,:;ti{rc6fes L.*. C2, C:i, P4
_U;:
^an f
13.
Problem t'6-SA Pad 1
1. Prepare the company's process cost summary for October
using the weighted-arcrage method.{Round
your co$ per €UP an$,vers to 2 decimal places anrl eonsider the
same in the other
calcrulations, Round olher ansn ers to the neare* dollal amount
Qmit the "$" Sgn in your
response.)
321. OGDEN CO.
Process Cost Summary
For Month Ended October 31
Crcsts Charged to Production
Tiolhill beginning goods in process
C,o't;ts incuned this period
ezto. nthecl oud. i'itcg ravir" hi I I . cotftm. tpx 9t11
(Click to select) ?
(Click to select) f
(Click to select)
2125t13
Totill incuned this period
Trrtall costs to account for
Units to account for
(tlliuk to select) rr
(illick to select) !F
Tollilll units to account for
Equirclent units of produetion
322. (C:lick to select) f v
re[s
Equi'vialent units of production
Cost per EUP
(Clit;l'r to select) l-
ffi[
Toterl costs
{Clicl< to select) i-
Gos't p,er EUP
Cost assignment and reconciliation
Costrs ll,nansfened out
(C:lick to select T
F
f
x
?
Clilc,k to select
Clic:k to select)
Total transferred out
Costs nf endinq qoods iSL::i ot enAlng 9OOOS ln PrOceS
(Cli,tk to select) I -
323. (Clirll< to select) ?
(Ctir:l< to seleet) rr
rtssig nnrcrit Print View
$
Unill cost information
EUP
EUP
EUP
EUP
per EUP $
Units accounted for
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Total units accounted for
Dre,:;t Materials Direct Labor
EUP
EUP
EUP
EUP
324. per EUP $
Factory Owrhead
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,::
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per EUP
Total r:nding goods in process
Total crlrits to account for $
Warksheet
Prnblem f li."iiA Fart'l
Problem 16-5;A Pad 2
2. Prepare the joumal entry dated October 31 to transfur the cost
ol'comdeted units to finished goods
inentory, {Omit the "$" sign in your response,}
Date General Joumal Debit Credit
Oct. 31
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