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Current Attempt in Progress Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packag ing. All materials are entered at the
Current Attempt in Progress Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packag ing. All materials are entered at the beginning of each process. On October 1,2020 , inventories consisted of Raw Materials $27.600. Work in Process Mixing \$0. Work in Process - Packaging $253.900. and Finished Goods $293,300. The beginning inventory for Packaging consisted of 11,900 units that were 50% complete as to conversion costs and fully complete as to materials. During october. 51,400 units were started into production in the Mixing Department and the following transactions were completed. 1. Purchased $301,800 of raw materials on account. 2. Issued raw materials for production: Mixing $212,000 and Packaging $48.500. 3. Incurred labor costs of $285,500. 4. Used factory labor: Mixing $185,700 and Packaging $99,800. 5. Incurred $967.200 of manufacturing overhead on account. 6. Applied manufacturing overhead on the basis of $24 per machine hour: Machine hours were 30,300 in Mixing and 8,500 in 7. Transferred 49,800 units from Mixing to Packaging at a cost of $982,300, 8. Transferred 55,000 units from Packaging to Finished Goods at a cost of $1,319,000. 9. Sold goods costing $1,644,000 for $2,503,000 on account. Journalize the October transactions. (Credit account titles are aytomatically indented when amount is entered. Do not indent manually)
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