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They both are 2 different questions. please answer them neatly with Transaction labeled ABC's and clear ending balances A. Paupack Co purchased material on account
They both are 2 different questions. please answer them neatly with Transaction labeled ABC's and clear ending balances
A. Paupack Co purchased material on account worth $147,000. B. Paupack Co requisitioned the following material and labor: c. Factory overhead incurred on account, $6,000 D. Depreciation of factory equipment, $4,100 E The Factorvi ovethead rate is 540 permachine hour. The following machine hours were i...ed Paupack Candy Co. makes chocolate candy bars. First, ingredients are mixed in the Mixing Department. Then they are sent to the Finishing Department to be set and wrapped, On August 1, Paupack Candy Co. had the following beginning inventory amounts: Materials: $5,100 Work in Process - Maing: $6,790 Work in Process - Finishing: $7,350 Finished Goods - $13,500 The following happened in Aupurt: A. Materialis were purchased on account for $149,800 B. Matarials were raqulaitioned for use: a. Cocos e Sugar - Mixing Department: $105,700 b. Wrapping - Finishing Department: $31,300 c. Indirect Materials - Maing Department: $4,980 d. Indirect Materials - Finlahing Department: $1,530 C. Labor Used: a. Direct Labor - Mixing Department: $32,400 b. Direct Labor - Finishing Department: $40,900 c. Indirect Labor - Mixing Dopartment: 5:5,400 d. Indirect Labor - Finishint Department: 518,300 D. Depreciation of Equipment: a. Mixint Department: $10,700 b. Finlahing Department: $7,900 E. Prepaid fuctory rent allocations: a. Mixing Department: $2,000 b. Finlahing Department $1,500 F. Factor Overhesd Applied: a. Mixing Department: 532,570 b. Finishing Department: $30,050 G. Costs transferred from Mocing to Finlahing Department: $166,790 H. Corts of goods completely finlesed by the Finishing Department: $263,400 1. Costs of goods sold during the period $265,200 Step by Step Solution
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