Instructions Gardner Company produces 18-ounce boxes of a wheat cereal in three departments: mixing, cooking, and packaging. During August, Gardner produced 150,000 boxes with the following costs: Mixing Department $413,000 Cooking Department $187,900 Packaging Department Direct materials $164,800 Direct labor 60,600 37,500 89,500 Applied overhead 74,900 40,750 115,000 Required: 1. Calculate the costs transferred out of each department. 2. Prepare journal entries that reflect these cost transfers. Chart of Accounts CHART OF ACCOUNTS Gardner Company General Ledger ASSETS REVENUE 410 Sales 110 Cash 120 Accounts Receivable EXPENSES 510 Cost of Goods Sold 130 Raw Materials 142 Work in Process-Cooking 143 Work in Process-Mixing 144 Work in Process-Packaging 520 Insurance Expense 530 Wages Expense 540 Supplies Expense 550 Utilities Expense 150 Overhead Control 160 Finished Goods 180 Accumulated Depreciation 560 Depreciation Expense 590 Miscellaneous Expense LIABILITIES 210 Accounts Payable LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Utilities Payable 240 Lease Payable 250 Other Payables EQUITY 310 Common Stock 320 Retained Earnings Shaded cells have feedback. Transferred Costs 1. Calculate the costs transferred out of each department (a) Costs transferred out of the Mixing Department $548,500.00 Points: 1/1 (b) Costs transferred out of the Cooking Department: $266,150.00 X Points: 0/1 (c) Costs transferred out of the Packaging Department: $369,300.00 X Points: 0/1 Dildded GENERAL JOURNAL Score: 2/76 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 Aug. 31 Raw Materials 413,000.00 2 Work in Process-Mixing 413,000.00 3 60,600.00 Aug. 31 Wages Expense Work in Process-Mixing 4 60,600.00 5 6