Question: grandmas Bakery mass - produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during April : Data table 1

grandmas Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during April:
Data table
1. Direct materials used in the Packaging Department. ..................
$36,000
2. Costs assigned to units completed and transferred out of Mixing. ......
$226,000
3. Direct labor incurred in the Mixing Department. ......................
$11,300
4. Beginning balance: Work in Process InventoryBaking...............
$15,800
5. Manufactured overhead allocated to the Baking Department. ..........
$76,000
6. Beginning balance: Finished Goods. ...............................
$4,700
7. Costs assigned to units completed and transferred out of Baking. ......
$308,000
8. Beginning balance: Work in Process InventoryMixing...............
$12,400
9. Direct labor incurred in the Packaging Department. ...................
$8,900
10. Manufacturing overhead allocated to the Mixing Department. .........
$64,000
11. Direct materials used in the Mixing Department. .....................
$150,000
12. Beginning balance: Raw Materials Inventory. .......................
$23,800
13. Costs assigned to units completed and transferred out of Packaging. ..
$380,000
14. Beginning balance: Work in Process InventoryPackaging...........
$8,000
15. Purchases of Raw Materials. .....................................
$179,000
16. Direct labor incurred in the Baking Department. .....................
$4,600
17. Manufacturing overhead allocated to the Packaging Department. ......
$40,000
18. Cost of goods sold. .............................................
$381,000
Note: No direct materials were used by the Baking Department
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 that 3 comma 075 comma 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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To determine the balance at monthend in each of the inventory accounts and the cost per unit of making each loaf of bread lets go through each transaction and update the inventory Taccounts accordingl... View full answer

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