Sweet Stuff Bakery mass-produces cakes using three sequential processing departments: Mixing,Baking,and Packaging.The following transactions occurred during February:

Note: No direct materials were used by the Baking Department.
Required:
A.Post each of these transactions to the company's inventory T-accounts provided below.
B.Determine the balance at month end in each of the T-accounts.
C.Assume that 1,440,000 cakes were completed and transferred out of the Packaging Department during the month.What was the cost per unit of making each cake?

Question

Sweet Stuff Bakery mass-produces cakes using three sequential processing departments: Mixing,Baking,and Packaging.The following transactions occurred during February:
  
Note: No direct materials were used by the Baking Department.
Required:
A.Post each of these transactions to the company's inventory T-accounts provided below.
B.Determine the balance at month end in each of the T-accounts.
C.Assume that 1,440,000 cakes were completed and transferred out of the Packaging Department during the month.What was the cost per unit of making each cake?

Quizplus · Accepted Answer

The Answer of Sweet Stuff Bakery mass-produces cakes using three sequential processing departments: Mixing,Baking,and Packaging.The following transactions occurred during February:
  
Note: No direct materials were used by the Baking Department.
Required:
A.Post each of these transactions to the company's inventory T-accounts provided below.
B.Determine the balance at month end in each of the T-accounts.
C.Assume that 1,440,000 cakes were completed and transferred out of the Packaging Department during the month.What was the cost per unit of making each cake?

Sweet Stuff Bakery Mass-Produces Cakes Using Three Sequential Processing Departments