ACC221caso2

ACC221caso2 - Requirement1 JournalEntry: a. WIPMixingDept....

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Requirement 1  Requirement 2 Journal Entry:  Quantity Schedule  a. WIP Mixing Dept.  1,037,300 Units %Completed MCompleted Conversion WIP Banking Dept.  240,000 Units to be accounted for: Raw Materials Inventory 1,277,300    WIP, Beginning 35,000 To record the distribution of raw materials in each department     Started into Production 810,000 Total Pounds 845,000 b.  WIP Baking Dept.  38,000 WIP Mixing Dept.  157,370 195,370 Schedule of Equivalent Units To record the total amount of Direct Labor costs Maxwel  Corporation Mixing Department  c.  Units Materials Conversion  Units transferred to next dept. 775,000 775,000 775,000 WIP Baking + Mixing 400,000 WIP Ending Accounts Payable 400,000    Materials: 70,000* 75% 70,000 52500    Conversion: 70,000 * 55% 38500 d.  Equivalent units of production 845,000 827,500 813,500 WIP Mixing Dept.  325,000 WIP Baking Dept 77,000 Manufacturing Overhead 402,000 Beginning of July 35,000  35000 810000 775000 To record MOH for predetermined overhead rate  e.  Calculating ending WIP 
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