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journalize the October Transactions View Police Current Attempt in Progress Vaughn Company factures its product, Vitadrink, through tworaanufacturing processes: Mixing and Packaging. All materials are
journalize the October Transactions
View Police Current Attempt in Progress Vaughn Company factures its product, Vitadrink, through tworaanufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, Inventories consisted of Raw Materials $27.100, Work in Process --Mbing $0, Work in Process --Packaging $251,000, and Finished Goods $292,700, The beginning inventory for Packaging consisted of 13,400 units that were 50% complete as to conversion costs and fully complete as to materials. During October 54,700 units were started into production in the Mixing Department and the following transactions were completed 1 Purchased $303,000 of raw materials on account 2 Leslied raw material for production Mixlry $213,500 and Packaple $47,500, 3 Incurred tabor costs of $283,8002 4 Used factory labor: Mbing $184.900 and Packaging $98,900 5 Insured 1959,300 of hitanufacturing overhead on account 16 Aplied manufacturing overhead on the basis of $24 per machine hour Machine hours were 29,800 in Mixing and 8,900 in Padozione 7 Transferred 49,500 units froc Modne to Padang at a cost of $992.900 Transferred 55 500 units from Packaging to Finished Goods at a cost of $1320,000, Sold soods contre 51615.000 for $9.502.000 on account Step by Step Solution
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