Process Costing Balance Sheet accounts, ending balances Frozen Britain, Corp makes ice cream sandwiches in sequential processes, mixing and freezing It uses process costing to account for production costs during each period The following is information obtained from the source documents for Frozen Britain for the month of December Raw materials purchased (direct and indirect) $145,860 Raw materials inventory (direct and indirect), beginning balance $23,750 Direct materials used Mixing Department $71,440 Direct materials used Freezing Department $17,615 Direct labor used Mixing Department $56,280 Direct labor used Freezing Department $28,400 Applied Overhead Mixing Department ( 80 of department DL costs) $45,024 Applied Overhead Freezing Department ( 80 of department DL costs) $22,720 Indirect materials used $7,115 Indirect labor used $29,335 Other Factory overhead costs Actual (e g factory rent, factory utilities) $31,200 Work in process (WIP) inventory, beginning balance Mixing Department $91,460 Work in process (WIP) inventory, beginning balance Freezing Department $119,025 Costs assigned to units completed and transferred out of Mixing Department to the Freezing Department $182,450 Finished goods inventory, beginning balance $153,295 Costs assigned to units completed and transferred out of Freezing Department to Finished Goods $263,860 Cost of goods sold $340,935 Sales $629,070 Using all of the information given above, determine the December 31 st ending balances of each the firms inventory accounts listed (you must show all of your work, either using formulas calculations or T accounts) Raw Materials Inventory WIP InventoryMixing department WIP InventoryFreezing department Finished Goods Inventory

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Process Costing Balance Sheet accounts, ending balances: Frozen Britain, Corp. makes ice cream sandwiches in sequential processes, mixing and freezing. It uses process costing to

Process Costing Balance Sheet accounts, ending balances: Frozen Britain, Corp. makes ice cream sandwiches in sequential processes, mixing and freezing. It uses process costing to account for production costs during each period. The following is information obtained from the source documents for Frozen Britain for the month of December:

Raw materials purchased (direct and indirect)	$145,860
Raw materials inventory (direct and indirect), beginning balance	$23,750
Direct materials used Mixing Department	$71,440
Direct materials used Freezing Department	$17,615
Direct labor used Mixing Department	$56,280
Direct labor used Freezing Department	$28,400
Applied Overhead Mixing Department (@80% of department DL costs)	$45,024
Applied Overhead Freezing Department (@80% of department DL costs)	$22,720
Indirect materials used	$7,115
Indirect labor used	$29,335
Other Factory overhead costs Actual (e.g. factory rent, factory utilities)	$31,200
Work in process (WIP) inventory, beginning balance Mixing Department	$91,460
Work in process (WIP) inventory, beginning balance Freezing Department	$119,025
Costs assigned to units completed and transferred out of Mixing Department to the Freezing Department	$182,450
Finished goods inventory, beginning balance	$153,295
Costs assigned to units completed and transferred out of Freezing Department to Finished Goods	$263,860
Cost of goods sold	$340,935
Sales	$629,070

Using all of the information given above, determine the December 31^st ending balances of each the firms inventory accounts listed (you must show all of your work, either using formulas/calculations or T-accounts):