Question

Refer to your answers from Exercise.


Requirements
1. Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Blending Department. Also, prepare the journal entry to record the costs of the gallons completed and transferred out to the Packaging Department.
2. Post the journal entries to the Work- in- Process Inventory—Blending T-account. What is the ending balance?
3. What is the average cost per gallon transferred out of the Blending Department into the Packaging Department? Why would the company managers want to know thiscost?


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  • CreatedJanuary 16, 2015
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