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Please Help on questions 7-18 Irish Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during April: (Click
Please Help on questions 7-18
Irish Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during April: (Click the icon to view the transactions.) Requirements 1. Post each of these transactions to the company's inventory T-accounts. 2. Determine the balance at month-end in each of the inventory accounts 3. Assume that 3,225,000 loaves of bread were completed and transferred out of the Packaging Department during the month. What was the cost per unit of making each loaf of bread (from start to finish)? Before posting the transactions to the company's T-accounts, begin by determining which accounts are affected by each transaction. The transactions may affect one or two accounts. (Abbreviation used: Dept. = Department. If a box is not used in the table leave the box empty; do not select a label.) Raw Materials Inventory WIP-Mixing Dept. WIPPackaging Dept. WIPBaking Dept WIPMixing Dept. WIPBaking Dept. WIPBaking Dept. Finished Goods Inventory 1. Direct materials used in the Packaging Department 2. Cosis assigned to units completed and transferred out of Mixing 3. Direct labor incurred in the Mixing Department 4. Beginning balance: Work in Process Inventory Baking 5. Manufactured overhead allocated to the Baking Department 6. Beginning balance: Finished Goods 7. Costa assigned to units completed and transferred out of Baking 8. Beginning balance: Work in Process Inventory-Mixing 9. Direct labor incurred in the Packaging Department 10. Manufacturing overhead allocated to the Mixing Department 11. Direct materials used in the Mixing Department 12. Beginning balance: Raw Materials Inventory Choose from any drop-down list and then click Check Answer. Finished Goods Inventory Raw Materials Inventory WIP_Baking Dept. WIP-Mixing Dept. WIP-Packaging Dept A parts 8 remaining Clear All Check Answer i Data Table A A A 1. Direct materials used in the Packaging Department .................$ 2. Costs assigned to units completed and transferred out of Mixing......... $ 3. Direct labor incurred in the Mixing Department......... 4. Beginning balance: Work in Process Inventory-Baking .............. 5. Manufacturing overhead allocated to the Baking Department ...........$ 6. Beginning balance: Finished Goods .......... 7. Costs assigned to units completed and transferred out of Baking ....... $ 8. Beginning balance: Work in Process InventoryMixing ... .........$ 9. Direct labor incurred in the Packaging Department $ 10. Manufacturing overhead allocated to the Mixing Department........... $ 11. Direct materials used in the Mixing Department ...................... $ 12. Beginning balance: Raw Materials Inventory......................... $ 13. Costs assigned to units completed and transferred out of Packaging ..... $ 14. Beginning balance: Work in Process Inventory-Packaging ...........$ 15. Purchases of Raw Materials ..................................... $ 16. Direct labor incurred in the Baking Department .................... $ 17. Manufacturing overhead allocated to the Packaging Department ........ $ 18. Cost of goods sold.............................................$ ............... $ 32,000 228,000 11,100 15,500 78,000 4,600 304,000 12,400 8,300 68,000 151,000 23,200 388,000 8,100 172,000 4,000 40,000 38 389,000Step by Step Solution
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