1

CALCULATOR PRINTER VERSION BACK Next Problem 21-1A (Video) Swifty Company manufactures its product, Vitadrink, through two...

Question

CALCULATOR PRINTER VERSION BACK Next Problem 21-1A (Video) Swifty Company manufactures its product, Vitadrink, through two...

CALCULATOR PRINTER VERSION BACK Next Problem 21-1A (Video) Swifty Company manufactures its product, Vitadrink, through two ma
CALCULATOR PRINTER VERSION BACK Next Problem 21-1A (Video) Swifty Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $26,700, Work in Process-Mixing $0, Work in Process-Packaging $251,500, and Finished Goods $294,500. The beginning inventory for Packaging consisted of 12,100 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 53,900 units were started into production in the Mixing Department and the following transactions were completed. 1. Purchased $302,600 of raw materials on account. 2. Issued raw materials for production: Mixing $212,700 and Packaging $48,600. 3. Incurred labor costs of $284,500. 4. Used factory labor: Mixing $184,900 and Packaging $99,600. 5. Incurred $1,058,000 of manufacturing overhead on account. Applied manufacturing overhead on the basis of $25 per machine hour. Machine hours were 32,000 in Mixing and 8,900 in Packaging. 7. Transferred 46,600 units from Mixing to Packaging at a cost of $980,600. 8. Transferred 56,900 units from Packaging to Finished Goods at a cost of $1,317,000. 9. Sold goods costing $1,641,000 for $2,503,000 on account. Journalize the October transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit

Answers

Debit Credit
1 Raw Materials inventory 302600
      Accounts Payable 302600
2 Work in Process- Mixing 212700
Work in Process- Packaging 48600
      Raw Materials inventory 261300
3 Factory Labor 284500
      Wages payable 284500
4 Work in Process- Mixing 184900
Work in Process- Packaging 99600
      Factory Labor 284500
5 Manufacturing overhead 1058000
       Accounts Payable 1058000
6 Work in Process- Mixing 800000 =32000*25
Work in Process- Packaging 222500 =8900*25
     Manufacturing overhead 1022500
7 Work in Process- Packaging 980600
      Work in Process- Mixing 980600
8 Finished goods inventory 1317000
      Work in Process- Packaging 1317000
9 Accounts Receivable 2503000
       Sales revenue 2503000
Cost of goods sold 1641000
      Finished goods inventory 1641000


Similar Solved Questions

1 answers
What does energy efficiency measure?
What does energy efficiency measure?...
1 answers
Two bodies of mass mi = 3 kg and m2 5 kg are joined to a...
Two bodies of mass mi = 3 kg and m2 5 kg are joined to a pulley in the form of a disk of mass M 2 kg and radius R2 0.020 m that has a groove of Ri 0.10 m (of negligible mass), such as the picture shows. = = Both slide on inclined planes 30° and 60°. The kinetic coefficients between the bodie...
1 answers
Iscussion Questions 1. Relate the patient history and circumstances of the injury and the signs and...
iscussion Questions 1. Relate the patient history and circumstances of the injury and the signs and symptoms related 2. Discuss the treatments available for the patient. (See Detached Retina in your text and any 3. Relate the symptoms and signs to those of macular degeneration. (See Macular Degenera...
1 answers
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company’s...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company’s Assembly Department for the month of June. Materials Conversion Cost per equivalent unit $ 31.80 $ 34.60 Equivalent units in ending work in process 1,380 600 During the mont...
1 answers
How do you find the volume of the solid obtained by rotating the region bounded by the curves #1/(1+x^2)#, #y=0#, #x=0#, and #x=2# rotated around the #x=2#?
How do you find the volume of the solid obtained by rotating the region bounded by the curves #1/(1+x^2)#, #y=0#, #x=0#, and #x=2# rotated around the #x=2#?...
1 answers
For cand D Let C be the path r(t) = cos(t) it Since)j + 2 hk...
For cand D Let C be the path r(t) = cos(t) it Since)j + 2 hk with Ost.<2t. Compute Se Fdx d) Let c, be the path along the square from (5,5,5) to (7,5,5) to (7,7,5) to (5.75) to 15,5,5) Compute G xpit nowad Let Fl...
1 answers
A researcher working for the Ray-Ban Corporation decides to perform a hypothesis test to investigate whether...
A researcher working for the Ray-Ban Corporation decides to perform a hypothesis test to investigate whether there is a significant positive correlation between monthly temperature and number of sunglasses sold at one of their locations. The researcher randomly selected the following sample from thi...
1 answers
Horizontal Distance
A person whose eyes are H = 1.54 m above the floor stands L =2.25 m in front of a vertical planemirror whose bottom edge is 43 cm above thefloor, Fig. 23-48. Whatis the horizontal distance x to the base of the wallsupporting the mirror of the nearest point on the floor that can beseenreflected in th...
1 answers
Can someone show me how to calculate this please. With steps 4. The movie The Godfather"...
Can someone show me how to calculate this please. With steps 4. The movie The Godfather" grossed $135 million in 1972. The movie "Spiderman IIT" grossed $336 million in 2007, Assuming a 4% rate of inflation on average, which one earned more in today's dollars?...
1 answers
An alternative to the Dividend Growth Model (DGM) to estimate the market price of common stock...
An alternative to the Dividend Growth Model (DGM) to estimate the market price of common stock in companies which do not pay dividends is use of a market multiple such as Price to Earnings or Price to Sales....
1 answers
Part c calculate the freezing/boiling point for 18.0 g of decane, C10H22, in 50.0 g CHCl3...
part c calculate the freezing/boiling point for 18.0 g of decane, C10H22, in 50.0 g CHCl3 part e calculate the freezing/boiling point for 0.48 mol ethylene glycol and 0.18 mol KBr in 166g H2O Carbon w orden TABLE 13.3 · Molal Boiling-Point-Elevation and Freezing-Point-Depression Cons...
1 answers
How do you find the slope for x=8?
How do you find the slope for x=8?...
1 answers
Exercise 2-9 (Algo) Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3] Taveras Corporation is currently operating...
Exercise 2-9 (Algo) Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3] Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the y...
1 answers
A sand and gravel company sells pea gravel. It faces two types of customer with the following inverse demand curves: Type A: P-3.5-0.0020 Type B: P-3-0.0010 Where Q measures bags of pea gravel an...
A sand and gravel company sells pea gravel. It faces two types of customer with the following inverse demand curves: Type A: P-3.5-0.0020 Type B: P-3-0.0010 Where Q measures bags of pea gravel and P is the price per bag. The marginal cost is $0.50. (a) Suppose the firm wants to use discounting to pr...
1 answers
Which of the following description of chemotaxis is correct for polar forms A. Attractant starts counterclockwise...
Which of the following description of chemotaxis is correct for polar forms A. Attractant starts counterclockwise rotation of flagellum = a run. B. Loss of stimulus reverses direction of flagellum bacterium tumbles. C. Attractant makes flagella sweep toward one end and rotate = a run D. Loss of stim...
1 answers
Describe the activation cycle of the RAN-GTPase. Identify the factor(s) responsible for the directionality of transport...
Describe the activation cycle of the RAN-GTPase. Identify the factor(s) responsible for the directionality of transport across the nuclear envelope.  ...
1 answers
A 900 kg car passes a bend on a flat road with a radius of 60...
A 900 kg car passes a bend on a flat road with a radius of 60 m at a rate of 60 km / hour. Will the car be able to pass that bend, or will it slip if: (a) the road is dry and the coefficient of static friction is μS = 0.65; (b) ice road and μS = 0.3?...
1 answers
Meriam, Engineering Mechanics: Dynamics, 9e Help | System Announcements PRINTER VERSION BACK NEXT > Chapter 3,...
Meriam, Engineering Mechanics: Dynamics, 9e Help | System Announcements PRINTER VERSION BACK NEXT > Chapter 3, Practice Problem 3/017 The inclined block A is given a constant large rightward acceleration a. Determine the range of values of e for which block B will not slip relative to block A, re...
1 answers
A manufacturer of disk drives for notebook computers wants a MTBF of at least 50,000 hours....
A manufacturer of disk drives for notebook computers wants a MTBF of at least 50,000 hours. Recent test results for 15 units were two failures at 10,000 hours, two at 25,000 hours, and two more at 45,000 hours. The remaining units were still running at 60,000 hours. Determine the following: a) Perce...

-- 0.008848--