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Please complete fully, thanks Luxury Beans produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging. Assume that the Shells processing department began
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Luxury Beans produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging. Assume that the Shells processing department began June with $18,700 of unfinished jelly bean centers. During June, the Shells process used $42,800 of direct materials, used $12,000 of direct labor, and was allocated $17,500 of manufacturing overhead. In addition, $126,300 was transferred out of the Centers processing department during the month and $196,500 was transferred out of the Shells processing department during the month. These transfers represent the cost of the jelly beans transferred from one process to another. 1. Prepare a T-account for the "Work in Process Inventory-Shells" showing all activity that took place in the account during June. What is the ending balance in the "Work in Process Inventory-Shells" on June 30? What does this figure represent? 2. 1. Prepare a T-account for the "Work in Process Inventory-Shells" showing all activity that took place in the account during June. Work in Process Inventory-Shells 2. What is the ending balance in the "Work in Process Inventory-Shells" on June 30? What does this figure represent? The ending balance of $ jelly beans. This represents the cost of making the the cost incurred so far on applying the shells. the cost of making the jelly bean centers andStep by Step Solution
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