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Best Value Bakery mass produces bread using the sequential processing departments Mixing, Buking, and Packaging. The folowing transactions occured during April Click the icon to
Best Value Bakery mass produces bread using the sequential processing departments Mixing, Buking, and Packaging. The folowing transactions occured during April Click the icon to view the Requirements Post each of these transactions to the company's inventory accounts 2 Determine the balance at month-end in each of the inventory accounts 3. Assume that 3.325.000 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. (Aboneviation use. Dept Department. If an input field is not used in the table, leave the input fed empty, do not select a label) 1. Det used in the Packaging Department 2. Costs assigned to units completed and beneferred out of Mixing 3. Direct labor incurred in the Moong Department eginning balance Work in Process inventory-Baking 5. Manufactured overhead alocated to the Baking Depar Beginning balance Finished Goods Finished Goods Inventory Raw Materials Inventory WIP-Baking Dept WIP-Mixing Dept. WIP-Packaging Dept. 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 $ 31,000 ..... $ 224,000 $ 11,000 4. Beginning balance: Work in Process Inventory-Baking $ 15,900 5. Manufactured overhead allocated to the Baking Department 6. Beginning balance: Finished Goods $ 75,000 $ 4,200 7. Costs assigned to units completed and transferred out of Baking $ 303,000 8. Beginning balance: Work in Process Inventory-Mixing $ 12,100 9. Direct labor incurred in the Packaging Department $ 8,900 10. Manufacturing overhead allocated to the Mixing Department $ 62,000 11. Direct materials used in the Mixing Department $ 155,000 12. Beginning balance: Raw Materials Inventory 13. Costs assigned to units completed and transferred out of Packaging 14. Beginning balance: Work in Process Inventory-Packaging 15. Purchases of Raw Materials 16. Direct labor incurred in the Baking Department 17. Manufacturing overhead allocated to the Packaging Department 18. Cost of goods sold Note: No direct materials were used by the Baking Department $ 23,300 $ 388,000 $ 8,100 $ 178,000 $ 4,600 $ 43,000 $ 389,000
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