Question

In: Accounting

. Direct materials used in the Packaging Department . . . . . . . ....

.

Direct materials used in the Packaging Department . . . . . . . . . . . . . . . . . . .

$38,000

2.

Costs assigned to units completed and transferred out of Mixing . . . . . . . . .

231,000

3.

Direct labour incurred in the Mixing Department . . . . . . . . . . . . . . . . . . . . . .

11,000

4.

Beginning balance: Work in Process Inventory—Baking . . . . . . . . . . . . . . .

16,000

5.

Manufactured overhead allocated to the Baking Department . . . . . . . . . . . .

83,000

6.

Beginning balance: Finished Goods Inventory . . . . . . . . . . . . . . . . . . . . . . . .

6,000

7.

Costs assigned to units completed and transferred out of Baking . . . . . . . .

303,000

8.

Beginning balance: Work in Process Inventory—Mixing . . . . . . . . . . . . . . . .

17,000

9.

Direct labour incurred in the Packaging Department . . . . . . . . . . . . . . . . . . .

10,500

10.

Manufacturing overhead allocated to the Mixing Department . . . . . . . . . . . .

66,000

11.

Direct materials used in the Mixing Department . . . . . . . . . . . . . . . . . . . . . .

153,000

12.

Beginning balance: Raw Materials Inventory . . . . . . . . . . . . . . . . . . . . . . . . .

32,000

13.

Costs assigned to units completed and transferred out of Packaging . . . . .

385,000

14.

Beginning balance: Work in Process Inventory—Packaging . . . . . . . . . . . .

11,500

15.

Purchases of Raw Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

173,000

16.

Direct labour incurred in the Baking Department . . . . . . . . . . . . . . . . . . . . . .

6,500

17.

Manufacturing overhead allocated to the Packaging Department . . . . . . . .

49,000

18.

Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

386,00

Grandma's Bakery​ mass-produces bread using three sequential processing​ departments: Mixing,​ Baking, and Packaging. The following transactions occurred during August​:

Requirements

1.

Post each of these transactions to the​ company's inventory​ T-accounts.

2.

Determine the balance at​ month-end in each of the inventory accounts.

3.

Assume 3,300,000 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)?

Before posting the transactions to the​ company's T-accounts, begin by determining which accounts are affected by each transaction. The transactions may affect one or two accounts. ​(Leave any unused cells​ blank.)

1.

Direct materials used in the Packaging Department

2.

Costs assigned to units completed and transferred out of Mixing

3.

Direct labour 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 Inventory

7.

Costs assigned to units completed and transferred out of Baking

8.

Beginning balance: Work in Process Inventory—Mixing

9.

Direct labour incurred in the Packaging Department

10.

Manufacturing overhead allocated to the Mixing Department

11.

Direct materials used in the Mixing Department

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 labour incurred in the Baking Department

17.

Manufacturing overhead allocated to the Packaging Department

18.

Cost of goods sold

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. ​(Leave any unused cells​ blank.)

Raw Materials Inventory

Ending Balance

Now enter the transactions that affect the​ T-account for Work in Process

Inventorylong dash—Mixing Department and calculate the ending balance. ​(Leave any unused cells​ blank.)

Work in Process Inventory—Mixing Department

Ending Balance

​Next, enter the transactions that affect the​ T-account for Work in Process Inventorylong dash—Baking Department and calculate the ending balance. ​(Leave any unused cells​ blank.)

Work in Process Inventory—Baking Department

Ending Balance

Now enter the transactions that affect the​ T-account for Work in Process Inventorylong dash—Packaging Department and calculate the ending balance. ​(Leave any unused cells​ blank.)

Work in Process Inventory—Packaging Department

Ending Balance

​Finally, enter the transactions that affect the​ T-account for Finished Goods Inventory and calculate the ending balance. ​(Leave any unused cells​ blank.)

Finished Goods Inventory

Ending Balance

Requirement 3. Assume 3,300,000 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)?

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 the nearest​ cent.)

Cost

/

=

per unit

/

=

Solutions

Expert Solution


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