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please answer all parts & show work 1. 2. 3. Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The
please answer all parts & show work
1. 2. 3. Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The following transactions were completed during October, the company's first month of operations. Purchased $301,000 of raw materials. Issued raw materials for production: Mixing $211.000 and Packaging $46,000 Incurred labor costs of $280,900, Used factory labor: Mixing $183,500 and Packaging $97,400. 5. Incurred $812,000 of manufacturing overhead. Applied manufacturing overhead on the basis of S22 per machine hour, Machine hours were 29,000 in Mixing and 7,000 in Packaging 7. Transferred 46,000 units from Mixing to Packaging at a cost of $980,000, 8. Transferred 54,000 units from Packaging to Finished Goods at a cost of $1,316,000. 9. Sold goods costing $1,211,000 4. 6. Record the October transactions using the following format. (Enter negative amounts using either a negative sign preceding the number c.8. 45 or parentheses e 8 (45).) Raw Materials Inventory $ MANUFACTURING COSTS Factory Labor $ Manufacturing Overhead Mixli 1 $ 2 3 4 5. 6. 7. 8. Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The following transactions were completed during October, the company's first month of operations. 1. 2 3 4 5 Purchased $301.000 of raw materials. Issued raw materials for production: Mixing $211.000 and Packaging $46,000. incurred labor costs of $280,900. Used factory labor: Mixing $183,500 and Packaging $97,400. incurred $812,000 of manufacturing overhead. Applied manufacturing overhead on the basis of $22 per machine hour, Machine hours were 29,000 in Mixing and 7.000 in Packaging Transferred 46,000 units from Mixing to Packaging at a cost of $980,000. Transferred 54,000 units from Packaging to Finished Goods at a cost of $1 316,000. Sold goods costing $1,211,000. 6. 9. Record the October transactions using the following format. (Enter negative amounts using either a negative sign preceding the number e.8. -45 or parentheses e.. (45).) WORK IN PROCESS FINISHED GOODS Mixing Packaging INVENTORY GOODS SOLD COST OF $ $ $ Step by Step Solution
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