Could you please help me with this question, there are values that I could not find and I am lost in this question Fryer's Choice produces a specially blended vegetable oil widely used in restaurant deep fryers The blending process creates a cooking oil that can be heated to a high temperature but does not smoke or smell The oil is produced in two departments Blending and Bottling Raw materials are introduced at various points in the Blending Department The following incomplete Work in Process T account is available for the Blending Department for March Work in Process Blending March 1 balance (20,000 litres materials 100 complete labour and overhead 90 complete) $ 38,000 Completed and transferred to Bottling ( litres) $ March costs added Oils (390,000 litres) 495,000 Direct labour 72,000 Overhead 181,000 March 31 inventory (40,000 litres materials 75 complete, labour and overhead 25 complete) $ The March 1 beginning inventory in the Blending Department consists of the following cost elements raw materials, $25,000 direct labour, $4,000 and overhead, $9,000 Costs incurred during March in the Bottling Department were materials used, $115,000 direct labour, $18,000 and overhead cost applied to production, $42,000 The company uses the weighted average method in its process costing Required 1 Prepare journal entries to record the cost incurred in both the Blending Department and the Bottling Department during March Key your entries to the items ( a ) through ( f ) below Raw materials were issued for use in production Direct labour costs were incurred Manufacturing overhead costs for the entire factory were incurred $225,000 ( Hint Credit Accounts Payable ) Manufacturing overhead cost was applied to production using a predetermined overhead rate Units that were complete with respect to processing in the Bottling Department were transferred to finished goods $950,000 Completed units were sold on account $1,500,000 The cost of goods sold was $890,000 2 Post the journal entries from requirement 1 above to T accounts The following account balances existed at the beginning of March ( Note The beginning balance in the Blending Department's Work in Process account is given above ) Raw materials $ 681,000 Work in Process Bottling Department $ 65,000 Finished Goods $ 20,000 After posting the entries to the T accounts, find the ending balance in the inventory accounts and the manufacturing overhead accounts Work in Process Bottling Department Work in Process Blending Department Beg Bal Beg Bal End Bal End Bal Manufacturing Overhead Finished Goods Beg Bal Beg Bal End Bal End Bal Raw Materials Accounts Payable Beg Bal Beg Bal End Bal End Bal Salaries and Wages Payable Beg Bal Beg Bal End Bal End Bal Accounts Receivable Beg Bal Beg Bal End Bal End Bal Equivalent Units (EU) Material Labour Overhead Units accounted for as follows Transferred to Bottling Work in process March 31 Total units and equivalent units of production Costs per equivalent unit Total cost Material Labour Overhead Cost to be accounted for Work in process, March 1 Cost added by the Blending Department Total cost Equivalent units of production Cost per equivalent unit

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Could you please help me with this question, there are values that I could not find and I am lost in this question. Fryer's Choice

Could you please help me with this question, there are values that I could not find and I am lost in this question.

Fryer's Choice produces a specially blended vegetable oil widely used in restaurant deep fryers. The blending process creates a cooking oil that can be heated to a high temperature but does not smoke or smell. The oil is produced in two departments: Blending and Bottling. Raw materials are introduced at various points in the Blending Department.

The following incomplete Work in Process T-account is available for the Blending Department for March:

Work in Process?Blending
March 1 balance (20,000 litres; materials 100% complete; labour and overhead 90% complete)	$	38,000	Completed and transferred to Bottling (? litres)	$	???
March costs added:
Oils (390,000 litres)		495,000
Direct labour		72,000
Overhead		181,000

March 31 inventory (40,000 litres; materials 75% complete, labour and overhead 25% complete)	$	???

The March 1 beginning inventory in the Blending Department consists of the following cost elements: raw materials, $25,000; direct labour, $4,000; and overhead, $9,000.

Costs incurred during March in the Bottling Department were materials used, $115,000; direct labour, $18,000; and overhead cost applied to production, $42,000. The company uses the weighted-average method in its process costing.

Required:

1.Prepare journal entries to record the cost incurred in both the Blending Department and the Bottling Department during March. Key your entries to the items (a) through (f) below:

Raw materials were issued for use in production.
Direct labour costs were incurred.
Manufacturing overhead costs for the entire factory were incurred: $225,000. (Hint:Credit Accounts Payable.)
Manufacturing overhead cost was applied to production using a predetermined overhead rate.
Units that were complete with respect to processing in the Bottling Department were transferred to finished goods: $950,000.
Completed units were sold on account: $1,500,000. The cost of goods sold was $890,000.

2.Post the journal entries from requirement 1 above to T-accounts. The following account balances existed at the beginning of March. (Note:The beginning balance in the Blending Department's Work in Process account is given above.)


Raw materials	$	681,000
Work in Process?Bottling Department	$	65,000
Finished Goods	$	20,000

After posting the entries to the T-accounts, find the ending balance in the inventory accounts and the manufacturing overhead accounts.

Work in Process-Bottling Department Work in Process-Blending Department Beg. Bal. Beg. Bal. End. Bal. End. Bal. Manufacturing Overhead Finished Goods Beg. Bal. Beg. Bal. End. Bal. End. Bal. Raw Materials Accounts Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries and Wages Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. End. Bal.Equivalent Units (EU) Material Labour Overhead Units accounted for as follows: Transferred to Bottling Work in process March 31 Total units and equivalent units of production Costs per equivalent unit: Total cost Material Labour Overhead Cost to be accounted for: Work in process, March 1 Cost added by the Blending Department Total cost Equivalent units of production Cost per equivalent unit