Save Homework: Ch.7 Process Cost Score: 0 of 1 pt E5-24A (similar to 1 of 5 (4 H

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Save Homework: Ch.7 Process Cost Score: 0 of 1 pt E5-24A (similar to 1 of 5 (4 HW Score: 47.8%, 2.39 of 5 pts Tasty Tr April: (click the icon to view the transactions.) Requirements 1. Post each of these transactions to the company's inventory T-accounts. the balance at month-end in each of the inventory accounts. 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)? are a affect one Before posting the or two accounts.(Abbreviation used: Dept.-Department. If a box is not used in the table leave the box empty, do not select a label.) 1. Direct materials used in the Packaging Department 2. Costs assigned to units completed and transferred out of Moxing[ 3. Direct labor incurred in the Mixing Department 4. Beginning balance: Work in Process Inventory- Baking 5. Manufactured overhead allocated to the Baking Department 6. Beginning balance: Finished Goods Choose from any drop-down list and then click Check Answer. 9

Explanation / Answer

Effect of various transactions on costing accounts:

1. Direct materials used in the packaging department Packaging Process (Debit) Direct Materials (Credit) 2. Costs assigned to units completed and transferred out of Mixing Baking Process (Debit) Mixing Process (Credit) 3. Direct Labour incurred in the mixing department Mixing Process (Debit) Direct Labour (Credit) 4. Beginning balance: WIP inventory - Baking Baking Process (Debit) WIP inventory (Credit) 5. Manufactured overhead allocated to the baking department Baking Process (Debit) Manufacturing Overhead (Credit) 6. Beginning balance: Finished goods Cost of goods sold (Debit) Finished goods (Credit)

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