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this is one question with several parts. I need help with parts 5 and 7. Thank you, please explain as well! Brian Canning Co., which
this is one question with several parts. I need help with parts 5 and 7. Thank you, please explain as well!
Brian Canning Co., which sells canned corn, uses an operation costing system. Cans of corn are classified as either sweet or regular, depending on the type of corn used. Both types of corn go through the separating and cleaning operations, but only regular corn goes through the creaming operation. During January, two batches of corn were canned from start to finish. Batch X consisted of 1,650 pounds of sweet corn, and Batch Y consisted of 1,550 pounds of regular corn. The company had no beginning or ending Work-inProcess Inventory. The following cost information is for the month of January: "Includes $2,000 for cream. Required: 1. Compute the unit cost for sweet corn and regular corn. 2. Record appropriate journal entries. Complete this question by entering your answers in the tabs below. Record appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) Brian Canning Co., which sells canned corn, uses an operation costing system. Cans of corn are classified as either sweet or regular, fepending on the type of corn used. Both types of corn go through the separating and cleaning operations, but only regular corn goes hrough the creaming operation. During January, two batches of corn were canned from start to finish. Batch X consisted of 1,650 pounds of sweet corn, and Batch Y consisted of 1,550 pounds of regular corn. The company had no beginning or ending Work-inprocess Inventory. The following cost information is for the month of January: Includes $2,000 for cream. Required: 1. Compute the unit cost for sweet corn and regular corn. 2. Record appropriate journal entries. Complete this question by entering your answers in the tabs below. Record appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet (1) 2 7 To transfer the Regular Corn to the Creaming Department and the Sweet Corn to Finished Goods Inventory. Note: Enter debits before creditsStep by Step Solution
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