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Requirements 1 and 2. Post the transactions to the T-accounts and determine the ending balance. Begin with the T-account for Raw Materials Inventory. Enter the
Requirements 1 and 2. Post the transactions to the T-accounts and determine the ending balance. Begin with the T-account for Raw Materials Inventory. Enter the transactions that affect the T-account and calculate the ending balance. Raw Materials Inventory Now enter the transactions that affect the T-account for Work in Process Inventory-Mixing Department and calculate the ending balance. Work in Process Inventory-Mixing Department Choose from any list or enter any number in the input fields and then continue to the next question. Now enter the transactions that affect the T-account for Work in Process Inventory-Packaging Department and calculate the ending balance. Work in Process Inventory-Packaging Department Finally, enter the transactions that affect the T-account for Finished Goods Inventory and calculate the ending balance. Finished Goods Inventory 3,150,000 Requirement 3. Assume that loaves of bread were completed and transferred out of the Packaging Department during the month. Select the formula labels and then compute the cost per unit of making each loaf of bread (from start to finish). (Round your answer to two decimal places.) Cost per unit Best Value 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. 3. Determine the balance at month-end in each of the inventory accounts. Assume that 3,150,000 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)? 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. Manufactured 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 Inventory-Mixing.. 9. Direct labor incurred in the Packaging Department.. $ 38,000 $ 229,000 $ 11,800 69 $ 15,300 $ 72,000 $ 4,400 $ 307,000 $ 12,100 $ 8,700 10. Manufacturing overhead allocated to the Mixing Department. 11. Direct materials used in the Mixing Department... $ 60,000 $ 153,000 $ 23,000 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... Note: No direct materials were used by the Baking Department $ 388,000 $ 8,200 $ 174,000 $ 4,900 $ 44,000 $ 389,000
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