Question
Rico Corporation produces boxes of crackers that go through three departments: Mixing, Cooking, and Packaging. During April, Rico produced 750,000 boxes of crackers with the
Rico Corporation produces boxes of crackers that go through three departments: Mixing, Cooking, and Packaging. During April, Rico produced 750,000 boxes of crackers with the following costs:
Mixing department | Cooking department | Packaging department | ||||
Direct materials | $650,000 | $220,000 | $180,000 | |||
Direct labor | 130,000 | 70,000 | 160,000 | |||
Applied overhead | 170,000 | 60,000 | 190,000 |
Required:
Required:
Complete the following:
A. The costs transferred out of the Mixing department are $fill in the blank 1.
B. The costs transferred out of the Cooking department are $fill in the blank 2.
C. The costs transferred out of the Packaging department are $fill in the blank 3.
D. Upon transferring the costs out of the Mixing department, is debited for $fill in the blank 5 and is credited for $fill in the blank 7.
E. Upon transferring the costs out of the Cooking department, is debited for $fill in the blank 9 and is credited for $fill in the blank 11.
F. Upon transferring costs out of the Packaging department, is debited for $fill in the blank 13 and is credited for $fill in the blank 15.
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