Early Start Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions

Question:

Early Start Bakery mass-produces bread using three sequential processing departments:

Mixing, Baking, and Packaging. The following transactions occurred during February:

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Requirements:

1. Post each of these transactions to the company’s inventory T-accounts. You should set up separate T-accounts for the following:
• Raw Materials Inventory • Work in Process Inventory—Mixing Department • Work in Process Inventory—Baking Department • Work in Process Inventory—Packaging Department • Finished Goods Inventory 2. Determine the balance at month-end in each of the inventory accounts.

3. Assume 3,375,000 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)?

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