Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal Grainy Goodness Company Grairy Gouche Company manufacture granulace by a series of the process, beginning teleriak such as Ols, westeners, and nulsberg introduced in the Mixing Department. From the Mixing Department, the materials pese Urought the Beking and Packaging departments, emerging as bowed granola cara randy for shipment to retail odiers. Direct materials are added at the beginning of each process, and conversion Contra incuted went throughout productim in each dapartment During March, the President and se stockhoder Jonathan Groat reviewed the Creator Production Report for the Miving Desentrer. He is concerned that the Mixing Department may not be operating efliciently, and asks for your hap Required: 1. Arthanas noticed that is production manager is prxited some of the star dhe Custoi Production wel. Delerine 'missing mommation there is no amount or amountie zsio anter 2. On the Fahrus Cnet Arya's anni dermine the most per unit of direct materials and or conversion for the mann of February using the apartade darah Costar Production anal 2. On the Marah Cast Analysis panci, actomia the most porwr er and morals and to conversion for the manner Alach uslug the completed data ou Cost of Producer 4. After reviewing your work on the remary Oust Anwysis and Marc Oust Anysis panels, sai Joran Guarin evaluate the living Department's performance by ensuring the questions on the King Cent Evaluation panel 5. On Larch 31, aing the data proced on the panele journaiz nie wyo mave me sumoriste amour of cast rom the King Onartment tamo Baking Department. Rater to the Chart ar Accounts for avastanding of account nines. Round your per-unlimoulations to the nearest Frequired Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Coat Analyala March Cost Analysis Mixing Dept. Evaluation Journal Chart of Accounts CHART OF ACCOUNTS Grainy Goodness Company General Ledger REVENUE 410 Sales ASSETS 110 Cash 112 Accounts Receivabio 125 Noles Receivable 126 Invarat Rasvabla 810 Interest Revenue EXPENSES 131 Malera 141 Work in Process Mxing 142 Work in Pro-Baking . 143 Work in PranasaPackaging ...ted 151 Factory Overhe-Mixing 152 Factory Overticed-Bakrg 152 Faciary Overticed-Packaging 161 Finished Goods 171 Office Supplies 172 Prepaid Insurance 173 Prepaid Expenses 101 Land . 191 Factory 182 Accumulated Depreciation Factory 510 Coat of Goods Sold So lassen 520 Wagas Expense SER DZ9 Seling Expenses alter 031 bites Expense Exerese 032 Deprecation Expense Factory 630 Insurance Expense 584 Office Supplies Expense 540 Administrative Expenses 590 Miscellaneous Experie 710 Interest Expense LIABILITIES 70 Accounts Payani 25 Notas Payable 221 Uilities Payable 236 Interest Payable Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Coat Analysis March Cost Analysis Mixing Dept. Evaluation Journal Chart of Announts 510 Cualul Guuuu Suld 131 Materials 141 Work in Process Mxing 142 Work in Pro-Baking 143 Work in Pro-Packaging M. 151 Factory Overhead-Mixing 152 Factory Overhead-Bakro 153 Factory Overhead-Packaging 161 Finished Geoche . 171 Omoa Boolea 172 Prepaid Insurance 173 Prepaid Exam 520 Wages Experte 59 529 Seling Expenses 4 531 Uuties Expense ......... 532 Deprecation Expense-Factory 533 Innere Expanas C. 534 Office Supplies Expana 540 Administrative FXPANSA 500 Miscellaneous Expense 710 Interest Expense 181 Land 191 Factory 1.2 Accumulated Deprowo-Factory LIABILITIES 210 Accounts Payable 215 Nules Payable 221 Utilities Puyublu 236 Interest Payable 251 Wages Payable EQUITY 3D Common Stock 31 Rotanad Famres 3-2 Maands 213 Income Summary Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal Cost of Production 1. Jonathan has noticed thar nis producnan manager has omitted some of the data on the Cost of Production canno. Dotormine the musing normation. If there no amount or an amount k zaro, enter . Round your parent computarans so the nearestat required GRAINY GOODNESS COMPANY Cost of Production Report-Mixing Department For the Month Ended March 31 Fosivalant Unite UNITS Whole Units Direct Materials Conversion Units charged to production: Inventory in procesa, March 1 2,000 Recived from MATATATA STORAMA 38,000 Tolslunde accounted for by the Mixing Department 40,000 Units to be assigned casts Inventory in process, March 1 (40% completed) 2.000 Stories and currpleted in Maruti 35,000 26,000 20.000 Transferred to Baking Depariment in March 37,000 Inventory in process, March 31 (80% completed) 3.000 Total un to be assigned COR 40,000 Costs COSTS Direct Material Conversion Total Costs per aqutween unit: Tolel cels for March in Mixing Department 40,660 338 600 Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal Cost of Production II VENTURY I puess, HIJI IWE Lumpriu, Total units to be assigned casts 49,000 Costs COSTS Direct Materials Conversion Total Cost per equivalent unit Totalcools for March in Ming Department $401,660 $3,600 Total equivalent units +1 Cool W. $ Costs assgned to production: Inventory in procesa, March 1 32.200 SECO 52 800 Costs incurred in March 79.200 $9200 Total costs accounted for by the Muing Cepartment Cool allocated to compleled and patisly wompleted units Inventory in proces, March 1-balance $2,800 Ta complete Invertory in process, March 1 $0.00 1.200 Cast of complete March - work in process 1 $4.000 Started and completed in March 337,450 335,000 72,430 Transferred to Baking Department in March $ Inventory in process, March 31 $3,210 $2,400 Totalents asigned by the Maxing Department $ Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal February Cost Analysis 2. Determine me cost per un oarect materials and for conversion for the month of February ng mc caricred data on the cost of Production panci. Round your por una computations to me nearest cont required Cost per Unit Cost Analysis for February - Mixing Department Amount Equivalent Units Direct Materials in inventory in process, March 1 $ Cornersuni coels in inventory in protex, Marta Totalcool per unit $ Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal March Cost Analysis x 3. Datamine the capital inactmaterials and to carwashing the month of domhusng the competed aiata on the net or Production Pol Raundi au want.com.talling to the great canr, if requires Cost Analysis for March-Mixing Department Amount Equivalent Units Is Cost per Unit Costs for March: Direct Materials Costs tar March: Conversion s Total cost per unit Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal Journal Shaded cals have trecback. 6. Onlar 31, using he 'la provided on the varrels, canalice l'antry to move in proprio amours of exotiron the Micry Department iv i Buting Department over to the Clui Axowe l BAR murcing luxur Lilles Question not attempted. JOURNAL Score: 0/25 ACCOUNTING EQUATION DAT DESCRIPTION PAT. REF. DERIT CROT FITY Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal Grainy Goodness Company Grairy Gouche Company manufacture granulace by a series of the process, beginning teleriak such as Ols, westeners, and nulsberg introduced in the Mixing Department. From the Mixing Department, the materials pese Urought the Beking and Packaging departments, emerging as bowed granola cara randy for shipment to retail odiers. Direct materials are added at the beginning of each process, and conversion Contra incuted went throughout productim in each dapartment During March, the President and se stockhoder Jonathan Groat reviewed the Creator Production Report for the Miving Desentrer. He is concerned that the Mixing Department may not be operating efliciently, and asks for your hap Required: 1. Arthanas noticed that is production manager is prxited some of the star dhe Custoi Production wel. Delerine 'missing mommation there is no amount or amountie zsio anter 2. On the Fahrus Cnet Arya's anni dermine the most per unit of direct materials and or conversion for the mann of February using the apartade darah Costar Production anal 2. On the Marah Cast Analysis panci, actomia the most porwr er and morals and to conversion for the manner Alach uslug the completed data ou Cost of Producer 4. After reviewing your work on the remary Oust Anwysis and Marc Oust Anysis panels, sai Joran Guarin evaluate the living Department's performance by ensuring the questions on the King Cent Evaluation panel 5. On Larch 31, aing the data proced on the panele journaiz nie wyo mave me sumoriste amour of cast rom the King Onartment tamo Baking Department. Rater to the Chart ar Accounts for avastanding of account nines. Round your per-unlimoulations to the nearest Frequired Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Coat Analyala March Cost Analysis Mixing Dept. Evaluation Journal Chart of Accounts CHART OF ACCOUNTS Grainy Goodness Company General Ledger REVENUE 410 Sales ASSETS 110 Cash 112 Accounts Receivabio 125 Noles Receivable 126 Invarat Rasvabla 810 Interest Revenue EXPENSES 131 Malera 141 Work in Process Mxing 142 Work in Pro-Baking . 143 Work in PranasaPackaging ...ted 151 Factory Overhe-Mixing 152 Factory Overticed-Bakrg 152 Faciary Overticed-Packaging 161 Finished Goods 171 Office Supplies 172 Prepaid Insurance 173 Prepaid Expenses 101 Land . 191 Factory 182 Accumulated Depreciation Factory 510 Coat of Goods Sold So lassen 520 Wagas Expense SER DZ9 Seling Expenses alter 031 bites Expense Exerese 032 Deprecation Expense Factory 630 Insurance Expense 584 Office Supplies Expense 540 Administrative Expenses 590 Miscellaneous Experie 710 Interest Expense LIABILITIES 70 Accounts Payani 25 Notas Payable 221 Uilities Payable 236 Interest Payable Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Coat Analysis March Cost Analysis Mixing Dept. Evaluation Journal Chart of Announts 510 Cualul Guuuu Suld 131 Materials 141 Work in Process Mxing 142 Work in Pro-Baking 143 Work in Pro-Packaging M. 151 Factory Overhead-Mixing 152 Factory Overhead-Bakro 153 Factory Overhead-Packaging 161 Finished Geoche . 171 Omoa Boolea 172 Prepaid Insurance 173 Prepaid Exam 520 Wages Experte 59 529 Seling Expenses 4 531 Uuties Expense ......... 532 Deprecation Expense-Factory 533 Innere Expanas C. 534 Office Supplies Expana 540 Administrative FXPANSA 500 Miscellaneous Expense 710 Interest Expense 181 Land 191 Factory 1.2 Accumulated Deprowo-Factory LIABILITIES 210 Accounts Payable 215 Nules Payable 221 Utilities Puyublu 236 Interest Payable 251 Wages Payable EQUITY 3D Common Stock 31 Rotanad Famres 3-2 Maands 213 Income Summary Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal Cost of Production 1. Jonathan has noticed thar nis producnan manager has omitted some of the data on the Cost of Production canno. Dotormine the musing normation. If there no amount or an amount k zaro, enter . Round your parent computarans so the nearestat required GRAINY GOODNESS COMPANY Cost of Production Report-Mixing Department For the Month Ended March 31 Fosivalant Unite UNITS Whole Units Direct Materials Conversion Units charged to production: Inventory in procesa, March 1 2,000 Recived from MATATATA STORAMA 38,000 Tolslunde accounted for by the Mixing Department 40,000 Units to be assigned casts Inventory in process, March 1 (40% completed) 2.000 Stories and currpleted in Maruti 35,000 26,000 20.000 Transferred to Baking Depariment in March 37,000 Inventory in process, March 31 (80% completed) 3.000 Total un to be assigned COR 40,000 Costs COSTS Direct Material Conversion Total Costs per aqutween unit: Tolel cels for March in Mixing Department 40,660 338 600 Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal Cost of Production II VENTURY I puess, HIJI IWE Lumpriu, Total units to be assigned casts 49,000 Costs COSTS Direct Materials Conversion Total Cost per equivalent unit Totalcools for March in Ming Department $401,660 $3,600 Total equivalent units +1 Cool W. $ Costs assgned to production: Inventory in procesa, March 1 32.200 SECO 52 800 Costs incurred in March 79.200 $9200 Total costs accounted for by the Muing Cepartment Cool allocated to compleled and patisly wompleted units Inventory in proces, March 1-balance $2,800 Ta complete Invertory in process, March 1 $0.00 1.200 Cast of complete March - work in process 1 $4.000 Started and completed in March 337,450 335,000 72,430 Transferred to Baking Department in March $ Inventory in process, March 31 $3,210 $2,400 Totalents asigned by the Maxing Department $ Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal February Cost Analysis 2. Determine me cost per un oarect materials and for conversion for the month of February ng mc caricred data on the cost of Production panci. Round your por una computations to me nearest cont required Cost per Unit Cost Analysis for February - Mixing Department Amount Equivalent Units Direct Materials in inventory in process, March 1 $ Cornersuni coels in inventory in protex, Marta Totalcool per unit $ Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal March Cost Analysis x 3. Datamine the capital inactmaterials and to carwashing the month of domhusng the competed aiata on the net or Production Pol Raundi au want.com.talling to the great canr, if requires Cost Analysis for March-Mixing Department Amount Equivalent Units Is Cost per Unit Costs for March: Direct Materials Costs tar March: Conversion s Total cost per unit Mastery Problem: Process Cost Systems Grainy Goodness Company Chart of Accounts Cost of Production February Cost Analysis March Cost Analysis Mixing Dept. Evaluation Journal Journal Shaded cals have trecback. 6. Onlar 31, using he 'la provided on the varrels, canalice l'antry to move in proprio amours of exotiron the Micry Department iv i Buting Department over to the Clui Axowe l BAR murcing luxur Lilles Question not attempted. JOURNAL Score: 0/25 ACCOUNTING EQUATION DAT DESCRIPTION PAT. REF. DERIT CROT FITY