Instructions Amount Descriptions Schedule of Costs Unit Cost Instructions Schedule of Costs Score: 88/114 1 Grinding Dept. Linsenmeyer Company Schedule of Costs For the Month of September Mubing Dept $142,200.00 14,600.00 17,800.00 $174,600.00 Finishing Dept. $8,900.00 $14,900.00 33,800.00 135,000.00 $183,700.00 23,700.00 18,400,00 $51,000.00 2 Direct materials 3. Direct labor * Applied overhead 5 cost added Transferred-in cost: from molding dept from grinding dept total manufacturing 7 174,600.00 358,300.00 $409,300.00 Book Show Me How Instructions Transferred Costs Journal How does grading work? PAGE 15 Score: 57/76 GENERAL JOURNAL POST. REF CREDIT DATE DEBIT 545,800.00 1 545,800.00 2 812,860.00 3 ACCOUNT TITLE JEI Work in Process-Cooking Work in Process-Mixing Je? Work in Process Packaging Work in Process-Cooking JE3 Finished Goods Work in Process-Packaging 812,860.00 4 5 1,183,060.00 1,183,060.00 Points: 11.25 / 15 m/ilm/take Show Me How eBook Basic Cost Flows Transferred Costs Journal Instructions Chart of Accounts Instructions Transferred Costs Journal Chart of Accounts CHART OF ACCOUNTS Gardner Company General Ledger REVENUE ASSETS 410 Sales 110 Cash ETA... 120 Accounts Receivable 130 Raw Materials 142 Work in Process-Cooking 143 Work in Process-Mixing 144 Work in Process Packaging 150 Overhead Control 160 Finished Goods 180 Accumulated Depreciation EXPENSES 510 Cost of Goods Sold 520 Insurance Expense 530 Wages Export 540 Supplies Expense 650 Utities Expense 560 Depreciation Expense 590 Miscellaneous Expense LIABILITIES min eBook Basic Cost Flows Journal Transferred Costs Instructions Chart of Accounts Instructions Transferred Costs Journal Chart of Accounts ovu www 19 YRIUVOSS ORA 150 Overhead Control 160 Finished Goods 540 Supplies Expense 550 Utilities Expense 560 Depreciation Expense 590 Miscellaneous Expense 180 Accumulated Depreciation LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Utilities Payable 240 Lease Payable 250 Other Payables EQUITY 310 Common Stock 320 Retnined Eamings instruction Gardner Company produces 18-ounce boxes of a wheat cereal in three departments like, cooking, and packaging During August, Gardner produced 100,000 bowed with following costs Direct materials Mixing Cooking Packaging Department Department Department $412.50 $187.700 $164,200 59,200 37600 90,000 74.100 41.750 116,000 Director Applied overhead Besired: 1. Calculate the cost transferred out of each department 2. Prepare your entries that affect those contrariafers EQUITY 310 Common Stock 320 Ruined Earnings