I only need help with question number 5
Journal Shaded cells have feedback. 5. On March 31, using the data provided on the panels, journalize the entry to move the appropriate amount of cost from the Mixing Department to the Baking Department. Refer to the Chart of Accounts for exact wording of account titles. How does grading work? PAGE 15 ACCOUNTING EQUATION JOURNAL Score: 9/25 LIABILITIES EQUITY DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS Mar. 31 March Cost Analysis 3. Determine the cost per unit of direct materials and for conversion for the month of March using the completed data on the Cost of Production panel. Round your per-unit computations to the nearest cent, if required. Cost Analysis for March- Mixing Department Cost per Unit Equivalent Units Amount Costs for March: Direct Materials $41,420 $1.09 38,000 Costs for March: Conversion $38,600 $1.00 38,600 Total cost per unit $2.09 Cost of Production Shaded cells have feedback. 1. Jonathan has noticed that his production manager has omitted some of the data on the Cost of Production panel. Determine the missing information. If there is no amount or an amount is zero, enter "O". Round your per-unit computations to the nearest cent, if required. GRAINY GOODNESS COMPANY Cost of Production Report-Mixing Department For the Month Ended March 31 Equivalent Units Whole Units UNITS Conversion Direct Materials Units charged to production: Inventory in process, March 1 2,000 38,000 Received from materials storeroom Total units accounted for by the Mixing Department 40,000 Units to be assigned costs: 2,000 Inventory in process, March 1 (40% completed) 1,200 35,000 Started and completed in March 35,000 35,000 37,000 Transferred to Baking Department in March 35,000 36,200 3,000 3,000 2,400 Inventory in process, March 31 (80% completed) 40,000 Total units to be assigned costs 38,000 38,600 Cost of Production Shaded cells have feedback. Costs CSTS Total Direct Materials Conversion Cost per equivalent unit: Total costs for March in Mixing Department $41,420 $38,600 Total equivalent units 38,000 38,600 Cost per equivalent unit $1.09 $1.00 Costs assigned to production: $2,300 $640 $2,940 Inventory in process, March 1 80,020 Costs incurred in March $82,960 Total costs accounted for by the Mixing Department Cost allocated to completed and partially completed units: $2,940 Inventory in process, March 1 balance 1,200 $1,200 To complete inventory in process, March 1 $0.00 Cost of completed March 1 work in process $4,140 73,150 Started and completed in March 38,150 35,000 Transferred to Baking Department in March $77,290.00 3,270 Inventory in process, March 31 2,400 5,670.00 $82,960.00 Total costs assigned by the Mixing Department Chart of Accounts CHART OF ACCOUNTS Grainy Goodness Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 112 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold 141 Work in Process-Mixing 520 Wages Expense 142 Work in Process-Baking 529 Selling Expenses 143 Work in Process-Packaging 531 Utilities Expense 151 Factory Overhead-Mixing 532 Depreciation Expense-Factory 152 Factory Overhead-Baking 533 Insurance Expense 153 Factory Overhead-Packaging 534 Office Supplies Expense 161 Finished Goods 540 Administrative Expenses 171 Office Supplies 590 Miscellaneous Expense 172 Prepaid Insurance 710 Interest Expense 173 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory LIABILITIES 210 Accounts Payable 215 Notes Payable 221 Utilities Payable 236 Interest Payable 251 Wages Payable EQUITY 310 Common Stock 311 Retained Eamings 312 Dividends 313 Income Summary
