Question
5. Nabisco Inc manufactures a popular snack known as gold fish. All ingredients to make the gold fishes are placed in the beginning of the
5. Nabisco Inc manufactures a popular snack known as gold fish. All ingredients to make the gold fishes are placed in the beginning of the process at the Mixing Department. The mixing department than transfer the product to the Baking Department, and once the product is completed; it is than transferred to the Packaging Department.
Journalize all entries below to record operations:
a.Materials purchased on account $170,000
b.Materials requested by Mixing Department $110,000
c.Materials requested by the Packaging Department $30,000
d.Direct Labor used by the Mixing Department, Baking Department and Packaging Department was $80,000; $15,000 and $25,000 respectively
e.Factor Overhead was $40,000 for the Mixing department, $80,000 for the Baking Department and $30,000 for the Packaging Department
f.The Mixing department transferred all costs to the Baking Department. There was no ending inventory in the Mixing Department.
g.The Baking Department transferred all costs to the Packaging Department. There was no end inventory in the Baking Department.
h.The packaging department transferred all costs to the finished goods inventory. There was no end inventory in the Packaging Department.
i.The cost of goods sold for the period was $400,000
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