Jenkins, Inc. started the period with the following account balances:

The following events occurred during the year:
1. Production of a new set of products began with a transfer of \($60,000\) worth of raw materials to the Grinding Department.
Conversion costs of \($82,000\) were incurred in the Grinding Department.
Products costing \($150,000\) were transferred from Grinding to the Mixing Department.
Materials costing \($8,000\) were added to the Mixing Department.
Conversion costs of \($33,000\) were incurred in the Mixing Department.
Products costing \($178,000\) were transferred from Mixing to the Finishing Department.
Conversion costs of \($41,000\) were incurred in the Finishing Department. Products costing \($206,000\) were completed and transferred to the Finished Goods Inventory.
9. Products costing \($230,000\) were sold.

Required

a. Record the events in the inventory T-accounts. Be sure to show ending balances for all accounts.

b. Review your T-accounts and answer the following questions:
1. Which process does not require any materials to be added?
2. Which process appears to be the most expensive?
3, Assume 10,300 good units were produced during the year. What was the cost per unit? How many units were sold?

Transcribed Image Text:

Raw Materials Work in Process: Mixing Department Finished goods $115,000 Grinding Department $ 25,000 $ 7,000 Finishing Department $ 10,000 $ 41,000