Wk 2 Quiz 6 Bayas Corporation uses process costing. A number of transactions tha

Question

Wk 2 Quiz 6 Bayas Corporation uses process costing. A number of transactions that occurred in June are listed below 5 (1) Raw materials that cost $39.900 are withdrawn from the storeroom for use in the Mixing Department. All of these raw materials are classified as direct materials. (2) Direct labor costs of $16.200 are incurred, but not yet paid, in the Mixing Department. acturing overhead of $45,800 is applied in the Mixing Department using the department's predetermined overhead rate. with a carrying cost of $87,700 finish processing in the Mixing Department and are transferred to the Drying Department for 1570s(3) Manufa (4) Units further processing (5) Units with a carying cost of StL,400 finish processing in the Drying Department, the finalstep in the pr transferred to the finished goods warehouse (6) Finished goods with a carrying cost of $98,300 ar Required: Prepare journal entries for each of the transactions isted above. (Ilno entry is required for a transaction/event, select "No journal Journal entry worksheet Raw materials that cost $39,900 are withdrawn from the storeroom for use in the Mioding Department. All of these raw materials are classified as direct materials. O Type tene to

Explanation / Answer

1 Work in Process-Mixing Department 39900        Raw Materials 39900 2 Work in Process-Mixing Department 16200        Salaries and Wages Payable 16200 3 Work in Process-Mixing Department 45800        Manufacturing Overhead 45800 4 Work in Process-Drying Department 87700          Work in Process-Mixing Department 87700 5 Finished Goods 111400         Work in Process-Drying Department 111400 6 Cost of Goods Sold 98300       Finished Goods 98300

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