Process costing system-journal entries joyce industries uses a process costing system. all of the company's manufacturing activities take place in a single processing department. there was no beginning inventory in may. during the month, $60,000 of materials were added and $40,000 of labor and $75,000 of overhead costs were charged to work in process. the entire work in process inventory of 20,000 units was completed and transferred to finished goods. of these 20,000 units, 15,000 were sold on account at $14 per unit. prepare a general journal entry to summarize each of the following categories of transactions for the month of may. (you may omit explanations.) enter your answers in the corresponding tab in the excel answer sheet.
a. the recording of manufacturing costs applied to production (use a single journal entry).
b. the transfer of completed units from work in process to the finished goods warehouse.
c. the sale of 15,000 units manufactured during the month and the related cost of goods sold.

Which term refers to the cost that motivates an economic decision

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.