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Schneider Brot is a bread-baking company located in Aachen, Germany, near the Dutch border. The company uses a process costing system for its single producta
Schneider Brot is a bread-baking company located in Aachen, Germany, near the Dutch border. The company uses a process costing system for its single producta popular pumpernickel bread. Schneider Brot has two processing departmentsMixing and Baking. The T-accounts below show the flow of costs through the two departments in April (all amounts are in the currency euros): |
Work in ProcessMixing |
Balance 4/1 | 10,000 | Transferred out | 773,000 | |
Direct materials | 331,000 | |||
Direct labor | 262,000 | |||
Overhead | 190,000 |
Work in ProcessBaking |
Balance 4/1 | 17,000 | Transferred out | 980,000 | |
Transferred in | 773,000 | |||
Direct labor | 122,000 | |||
Overhead | 88,000 | |||
Required: |
Prepare journal entries showing the flow of costs through the two processing departments during April. |
General Journal | Debit | Credit |
Raw materials issued. | ||
(Click to select)Finished goodsRaw materials inventoryCost of goods soldManufacturing overheadSalaries and wages payableDirect laborWork in process-BakingWork in process-Mixing | ||
(Click to select)Work in process-MixingWork in process-BakingManufacturing overheadFinished goodsDirect laborSalaries and wages payableCost of goods soldRaw materials inventory | ||
Direct labor incurred. | ||
(Click to select)Manufacturing overheadFinished goodsSalaries and wages payableCost of goods soldWork in process-BakingDirect laborRaw materials inventoryWork in process-Mixing | ||
(Click to select)Work in process-MixingSalaries and wages payableManufacturing overheadWork in process-BakingDirect laborCost of goods soldFinished goodsRaw materials inventory | ||
(Click to select)Finished goodsRaw materials inventoryWork in process-BakingWork in process-MixingManufacturing overheadDirect laborSalaries and wages payableCost of goods sold | ||
Manufacturing overhead applied. | ||
(Click to select)Cost of goods soldDirect laborFinished goodsRaw materials inventoryWork in process-MixingWork in process-BakingManufacturing overheadSalaries and wages payable | ||
(Click to select)Work in process-MixingFinished goodsWork in process-BakingDirect laborRaw materials inventoryManufacturing overheadSalaries and wages payableCost of goods sold | ||
(Click to select)Manufacturing overheadWork in process-BakingWork in process-MixingRaw materials inventoryCost of goods soldFinished goodsSalaries and wages payableDirect labor | ||
Work completed in Mixing Department. | ||
(Click to select)Raw materials inventoryDirect laborFinished goodsSalaries and wages payableWork in process-MixingWork in process-BakingManufacturing overheadCost of goods sold | ||
(Click to select)Salaries and wages payableWork in process-MixingWork in process-BakingRaw materials inventoryFinished goodsDirect laborManufacturing overheadCost of goods sold | ||
Work completed in Baking Department. | ||
(Click to select)Work in process-BakingWork in process-MixingFinished goodsDirect laborSalaries and wages payableRaw materials inventoryManufacturing overheadCost of goods sold | ||
(Click to select)Manufacturing overheadWork in process-MixingDirect laborWork in process-BakingFinished goodsCost of goods soldRaw materials inventorySalaries and wages payable | ||
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