Question
Basic Cost Flows Hardy Company produces 18-ounce boxes of a rolled oat cereal in three departments: mixing, cooking, and packaging. During September, Hardy produced 200,000
Basic Cost Flows Hardy Company produces 18-ounce boxes of a rolled oat cereal in three departments: mixing, cooking, and packaging. During September, Hardy produced 200,000 boxes with the following costs: Mixing Department Cooking Department Packaging Department Direct materials $600,500 $285,500 $250,000 Direct labor 90,000 50,000 120,000 Applied overhead 117,000 65,000 156,000 Required: 1. Calculate the costs transferred out of each department. (a) Costs transferred out of the Mixing Department: $ (b) Costs transferred out of the Cooking Department: $ (c) Costs transferred out of the Packaging Department: $ 2. Prepare journal entries that reflect these cost transfers. If no entry is required, select "No entry required" and leave the amount boxes blank.
Basic Cost Flows Hardy Company produces 18-ounce boxes of a rolled oat cereal in three departments: mixing, cooking, and packaging. During September, Hardy produced 200,000 boxes with the following costs: Mixing Department $600,500 90,000 117,000 Packaging Department $250,000 120,000 156,000 Cooking Department Direct material:s Direct labor Applied overhead Required: 1. Calculate the costs transferred out of each department. (a) Costs transferred out of the Mixing Department: $ (b) Costs transferred out of the Cooking Department:$ (c) Costs transferred out of the Packaging Department: $285,500 50,000 65,000 2. Prepare journal entries that reflect these cost transfers. If no entry is required, select "No entry required" and leave the amount boxes blankStep by Step Solution
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