Business, 04.10.2019 18:10 nevecronin
Bavarian chocolate company processes chocolate into candy bars. the process begins by placing direct materials (raw chocolate, milk and sugar) into the blending department. all materials are placed into production at the beginning of the blending process. after blending, the milk chocolate is transferred to the molding department, where the milk chocolate is formed into candy bars. the following is a partial work in process account of the blending department.
account work in process - blending departments
date item debit credit balance
debit credit
oct 1 bal., 2,300 units, 3/5 completed 46,368
oct 31 direct materials, 26,000 units 429,000 475,368
oct 31 direct labor 100,560 575,928
oct 31 factory overhead 48,480 624,408
oct 31 goods transferred, 25,700 units ?
oct 31 units 1/5 completed ?
instructions
prepare a cost of production report, and identify the missing amounts for work in process - blending department
Answers: 3
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