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 Inventory$$Baking$...............$

$$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 Inventory$$Mixing$...............$

$$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 Inventory$$Packaging$...........$

$$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$)?$

Answer rating: 100% (QA)

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 the full answer