Q9

Hire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging, All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $26,100 Work in Process -Mixing so, Work in Process-Packaging $251.000, and Finished Goods $293,500. The beginning inventory for Packaging, consisted of 13,000 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 54,900 units were started into production in the Mixing Department and the following transactions were completed. Purchased $303,300 of raw materials on account Issued raw materials for production: Mixing $213,200 and Packaging $49.400. Incurred labor costs of $285,900. Used factory labor: Mixing $185,500 and Packaging $100.400. Incurred $928,800 of manufacturing overhead on account Applied manufacturing overhead on the basis of $22 per machine hour. Machine hours were 31,400 in Mixing and 9.000 in Packaging Transferred 47,300 units from Mixing to Packaging at a cost of $983,500. 8 Transferred 57,700 units from Packaging to Finished Goods at a cost of $1,317,000, 9. Sold goods costing $1,644,000 for $2,503,000 on account. 3 4 5 6. Journalize the October transactions. (Credit account tities are automatically indented when amount is entered. Do not indent manually Debit Credit No. Account Titles and Explanation 1. 2. 7. 9 To record the sale) to record the cost of goods sold)