Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How did you figure out to complete inventory in process, October 1 - and - started and completed in October - and -
How did you figure out " to complete inventory in process, October 1" - and - " started and completed in October" - and - "transferred to finished goods in October" - and - "inventory in process, October 31"? And I also did not understand how you got part b of the problem. Thanks for the help ASAP.
Cost of Production Report Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the Blending Department. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the Molding Department, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at October 31, 2016 ACCOUNT Work in Process-Blending Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Oct. 1 Bal., 2,300 units, 3/5 completed 31 Direct materials, 26,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 25,700 units 31 Bal., 2 units, 1/5 completed 46,368 475,368 575,928 624,408 429,000 100,560 48,480 RequiredStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started