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Can you please answer this one Current Attempt in Progress Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The
Can you please answer this one
Current Attempt in Progress Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The following transactions were completed during October, the company's first month of operations. 1. 2. 3. 4. 5. Purchased $303,200 of raw materials. Issued raw materials for production: Mixing $214,300 and Packaging $47,000. Incurred labor costs of $286,000. Used factory labor: Mixing $187,000 and Packaging $99,000. Incurred $972,900 of manufacturing overhead. Applied manufacturing overhead on the basis of $24 per machine hour. Machine hours were 32,600 in Mixing and 7,000 in Packaging. Transferred 49,100 units from Mixing to Packaging at a cost of $981,600. Transferred 55,800 units from Packaging to Finished Goods at a cost of $1,317,000. Sold goods costing $1,212,000. 6. 7. 8. 9. Record the October transactions using the following format. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) WORK MANUFACTURING COSTS Factory Labor Raw Materials Inventory Manufacturing Overhead Mixing 1. $ $ $ $ $ 2. 3. 4. 5. 6. 7. 8. 9
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