(Click the icon to view the transactions.) ACG2071 Managerial Accounting Fall 2017 Homework: Ch.7 Process Cost...

  

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(Click the icon to view the transactions.) ACG2071 Managerial Accounting Fall 2017 Homework: Ch.7 Process Cost Score: 0.06 of 1 pt HW Score: 62.22%, 3.11 of 5 pts %E5-24A (similar to) Question Help Tasty Treats Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during April: 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. 6. Beginning balance: Finished Goods 7. Costs assigned to units completed and transferred out of Baking 8. Beginning balance: Work in Process Inventory-Mixing 9. Direct labor 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 1 of 5 (5 complete) 3. Assume that 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)? Finished Goods Inventory Choose from any drop-down list and then click Check Answer. 8 parts remaining jennifer sanchez 11/3/17 7:55 PM Clear All Check Answer Save roduces bread using three sequential processi me transactions.) sactions to the company's inventory T-accounts. at month-end in each of the inventory accounts. oaves of bread were completed and transferred out of the Packaging Department during the month. What was Data Table 1. Direct materials used in the Packaging Department .. 2. Costs assigned to units completed and transferred out of Mixing 3. Direct labor incurred in the Mixing Department 4. Beginning balance: Work in Process Inventory-Baking 5. Manufacturing overhead allocated to the Baking Department 6. Beginning balance: Finished Goods 7. Costs assigned to units completed and transferred out of Baking 8. Beginning balance: Work in Process Inventory-Mixing 9. Direct labor 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 labor incurred in the Baking Department 17. Manufacturing overhead allocated to the Packaging Department 18. Cost of goods sold Note: No direct materials were used by the Baking Department Print Done 36,000 $ 224,000 11,600 15,000 $ 73,000 $ 4,500 $ 303,000 $ 12,800 $ 8,800 $ 64,000 $ 156,000 $ 23,600 $ 388,000 $ 8,200 $ 173,000 $ 4,900 $ 42,000 $ 389,000 (Click the icon to view the transactions.) ACG2071 Managerial Accounting Fall 2017 Homework: Ch.7 Process Cost Score: 0.06 of 1 pt HW Score: 62.22%, 3.11 of 5 pts %E5-24A (similar to) Question Help Tasty Treats Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during April: 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. 6. Beginning balance: Finished Goods 7. Costs assigned to units completed and transferred out of Baking 8. Beginning balance: Work in Process Inventory-Mixing 9. Direct labor 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 1 of 5 (5 complete) 3. Assume that 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)? Finished Goods Inventory Choose from any drop-down list and then click Check Answer. 8 parts remaining jennifer sanchez 11/3/17 7:55 PM Clear All Check Answer Save roduces bread using three sequential processi me transactions.) sactions to the company's inventory T-accounts. at month-end in each of the inventory accounts. oaves of bread were completed and transferred out of the Packaging Department during the month. What was Data Table 1. Direct materials used in the Packaging Department .. 2. Costs assigned to units completed and transferred out of Mixing 3. Direct labor incurred in the Mixing Department 4. Beginning balance: Work in Process Inventory-Baking 5. Manufacturing overhead allocated to the Baking Department 6. Beginning balance: Finished Goods 7. Costs assigned to units completed and transferred out of Baking 8. Beginning balance: Work in Process Inventory-Mixing 9. Direct labor 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 labor incurred in the Baking Department 17. Manufacturing overhead allocated to the Packaging Department 18. Cost of goods sold Note: No direct materials were used by the Baking Department Print Done 36,000 $ 224,000 11,600 15,000 $ 73,000 $ 4,500 $ 303,000 $ 12,800 $ 8,800 $ 64,000 $ 156,000 $ 23,600 $ 388,000 $ 8,200 $ 173,000 $ 4,900 $ 42,000 $ 389,000

Answer rating: 100% (QA)

solution Part 12 Beg bal purchased end bal Beg bal direct labor manufacturing overhead Direc... View the full answer