A Sonsalla Company manufactures its product
A Sonsalla Company manufactures its product, Vitadrink, through two manufac- turing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2011, inventories consisted of Raw Materials $26,000, Work in Process—Mixing $0, Work in Process—Packaging $250,000, and Finished   Goods
$289,000. The beginning inventory for Packaging consisted of 10,000 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 50,000 units were started into production in the Mixing Department and the following transac- tions were completed.
1.  Purchased $300,000 of raw materials on account.
2.  Issued raw materials for production: Mixing $210,000 and Packaging $45,000.
3.  Incurred labor costs of $248,900.
4.  Used factory labor: Mixing $182,500 and Packaging $66,400.
5.  Incurred $790,000 of manufacturing overhead on account.
6.  Applied manufacturing overhead on the basis of $22 per machine hour. Machine hours were 28,000 in Mixing and 6,000 in Packaging.
7.  Transferred 45,000 units from Mixing to Packaging at a cost of $979,000.
8.  Transferred 53,000 units from Packaging to Finished Goods at a cost of $1,315,000.
9.  Sold goods costing $1,604,000 for $2,500,000 on account.
Instructions
Journalize the October transactions.
Answers
Status NEW
Posted 01 May 2017 06:05 PM
My Price 5.00
-----------
Attachments
file 1493664343-answer1.docx preview (240 words )
A----------- So-----------nsa-----------lla----------- Co-----------mpa-----------ny -----------man-----------ufa-----------ctu-----------res----------- it-----------s p-----------rod-----------uct-----------, V-----------ita-----------dri-----------nk,----------- th-----------rou-----------gh -----------two----------- ma-----------nuf-----------ac------------ tu-----------rin-----------g p-----------roc-----------ess-----------es:----------- Mi-----------xin-----------g a-----------nd -----------Pac-----------kag-----------ing-----------. A-----------ll -----------mat-----------eri-----------als----------- ar-----------e e-----------nte-----------red----------- at----------- th-----------e b-----------egi-----------nni-----------ng -----------of -----------eac-----------h p-----------roc-----------ess-----------. O-----------n O-----------cto-----------ber----------- 1,----------- 20-----------11,----------- in-----------ven-----------tor-----------ies----------- co-----------nsi-----------ste-----------d o-----------f R-----------aw -----------Mat-----------eri-----------als----------- $2-----------6,0-----------00,----------- Wo-----------rk -----------inÂ----------- P-----------roc-----------ess-----------—-----------Mix-----------ing----------- -----------$0,----------- -----------Wor-----------k ----------- in----------- -----------Pro-----------ces-----------sâ€-----------”Pa-----------cka-----------gin-----------g ----------- $2-----------50,-----------000-----------, ----------- an-----------d ----------- Fi-----------nis-----------hed----------- Â----------- Â----------- Go-----------ods----------- $-----------289-----------,00-----------0. -----------The----------- be-----------gin-----------nin-----------g i-----------nve-----------nto-----------ry -----------for----------- Pa-----------cka-----------gin-----------g c-----------ons-----------ist-----------ed -----------of -----------10,-----------000----------- un-----------its-----------
Not Rated(0)