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Please solve. Oriole Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The following transactions were completed during October, the company's first
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Oriole 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. Purchased $301,000 of raw materials. 2. Issued raw materials for production: Mixing $212,600 and Packaging $48,800. 3. Incurred labor costs of $282,600. 4. Used factory labor: Mixing $184,900 and Packaging $97,700. 5. Incurred $940,400 of manufacturing overhead. 6. Applied manufacturing overhead on the basis of $24 per machine hour. Machine hours were 30,400 in Mixing and 7,700 in Packaging. 7. Transferred 48,800 units from Mixing to Packaging at a cost of $983,100. 8. Transferred 56,800 units from Packaging to Finished Goods at a cost of $1,318,000. 9. Sold goods costing $1,213,000. Record the October transactions using the following format. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).)
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