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April: Best Value Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during (Click the icon to
April: Best Value Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during (Click the icon to view the transactions.) Requirements 1. Post each of these transactions to the company's inventory T-accounts. 2. Determine the balance at month-end in each of the inventory accounts. 3. Assume that 3,375,000 loaves of bread were completed and transferred out of the Packaging Department during the month. What was the cost per unit of making each loaf of bread (from start to finish)? Before posting the transactions to the company's T-accounts, begin by determining which accounts are affected by each transaction. The transactions may affect one or two accounts (Abbreviation used: Dept. Department. If an input field is not used in the table, leave the input field empty; do not select a label.) 1. Direct materials used in the Packaging Department 2. Costs assigned to units completed and transferred out of Mixing 3. Direct labor incurred in the Mixing Department 4. Beginning balance: Work in Process Inventory-Baking 5. Manufactured overhead allocated to the Baking Department 6. Beginning balance: Finished Goods
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