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