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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
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. Purchased $301.000 of raw materials. Issued raw materials for production: Mixing $213.200 and Packaging $47.300 Incurred labor costs of $286,700. Used factory labor: Mixing $187,300 and Packaging $99.400. Incurred $1,033,500 of manufacturing overhead. Applied manufacturing overhead on the basis of $25 per machine hour. Machine hours were 30,800 in Mixing and 9,000 in Packaging Transferred 46,200 units from Mixing to Packaging at a cost of $982,000. Transferred 57.800 units from Packaging to Finished Goods at a cost of $1,316,000. Sold goods costing $1,211,000. 1 2 3. 4. 5. 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 eg. (45).) MANUFACTURING COSTS Raw Materials Inventory Factory Labor Manufacturing Overhead Mixing $ 1 $ $ $ $ 2 3. 4 5. 6. 7. 8. 9. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit
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