Given the following transactions: Debit 1,500 Credit Work in process - Mixing De

Question

Given the following transactions: Debit 1,500 Credit Work in process - Mixing Department Materials Inventory Factory Overhead 900 600 Work in process -Cooking Department 2,100 Transferred out Mixing Dept 1,500 600 Factory Overhead Work in process -Carbonate Department 2.775 Transferred out Cooking Dept Materials Inventory Factory Overhead 2.100 75 600 Work in process Bottling Department 3.575 Transferred out Carbonate Dept. Materials Inventory Factory Overhead 2.775 200 600 Finished Goods Inventory 3.575 Transferred out Bottling Dept 3.575 of Goods 3 725 inventory 3.725 Goods

Explanation / Answer

Total material cost incurred: Material cost in Mixing department 900.00 Material cost in Cooking department 0.00 Material cost in Carbonate Department 75.00 Material cost in Bottling department 200.00 Total material cost incurred: 1175.00 Total Manufacturing OH incurred OH in Mixing Department 600.00 OH in Cooking department 600.00 OH in Carbonate department 600 OH in Bottling department 600 Total Manufacturing OH incurred 2400 Begnning Finished Goods inventory: Cost of Goods sold 3725 Less: Cost of Goods manufactured 3575 Beginning Finished Goods inventory 150 Schedule of Cost of Finished Goods sold Finished Goods Inventory at the beginning 150 Manufacturing cost assigned: Direct material cost 1175 Manufacturing Overheads 2400 Total cost of goods manufactured 3575 Less: Finished Goods at the end 0 Cost of finished goods sold 3725

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