Question: Brief Exercise 6-21 Basic Cost Flows Gardner Company produces 18-ounce boxes of a wheat cereal in three departments: mixing. cooking, and packaging. During August, Gardner
Brief Exercise 6-21 Basic Cost Flows Gardner Company produces 18-ounce boxes of a wheat cereal in three departments: mixing. cooking, and packaging. During August, Gardner produced 250,000 boxes with the following costs: Cooking Department Packaging Mixing Department $379,500 75,000 82,500 Department $825,000 Direct materials Direct labor Applied overhead $330,000 180,000 332.500 120,000 225,000 Required: 1. Calculate the costs transferred out of each department. 2. Prepare journal entries that reflect these cost transfers
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Brief Exercise 621 Basic Cost Flows Gardner Company processes its cereal through three departments 1 ... View full answer
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