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please show work if possible Pharoah Compary manufactures its product, Vitadrink through two manufacturing processes: Mising and Packeging Al materials are entered at the beginning
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Pharoah Compary manufactures its product, Vitadrink through two manufacturing processes: Mising and Packeging Al materials are entered at the beginning of each process. On October 1,2022 inventories consisted of Raw Materials $29,120, Workin ProcessMivine \$0, Wark in Process-Packaging $280,000, and Finished Goods $323,680. The beginning inventory for Packaging consisted of 11,200 units that were 50% complete as to corversion costs and fully complete as to matertals. During October, 56,000 units were started into production in the Mixing Department and the following transactions were completed. 1. Purchased $336,000 of raw materials on account 2. Issued direct materials for production: Mixing $235.200 and Packaing $50,400. 3. Incurred labor costs of $312,368. (Use Wages Payable) 4. Used factory labor: Moding $204,400 and Packaging $107,968. 5. Incurred $907.200 of manufacturing overhead on account 6. Applied manufacturing overhead on the basis of $23 per machine hour Machine hours were 31360 in Miving and 6.720 in Packaging 7. Transferred 50,400 units from Mixing to Packaging at a cost of $1,096,480. B. Compieted and trantferred 59.360 units from Packaging to Finished Goods at a cost of 51.472,800. 9. Sold goods costing $1,796,480 for $2,800,000 on account. Journalize the October transactions. (llist all debir entries before crediz entries Credit account titles are automaticaliy indented when ancunt is entered. Donor indent manually) No. Aocount Thles and Eyhanation Debit Credit: 1. 2. 3. 4. 5. 6. 6. 7. 8. 9. (To record the sale) (To record the cost of goods sold) Step by Step Solution
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