Book1 - Part 1 1. Prepare journal entries Ref Account Title...

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Part 1 1. Prepare journal entries Ref Account Title Debit a. Work in process-Mixing $1,037,300.00 Work in process-Baking $240,000.00 Raw Material Inventory To record materials put into production b. Work in process-Mixing $157,370 Work in process-Baking $38,000 Wages Payable To record labor costs incurred c. Manufacturing overheard $400,000 Accounts payable To record manufacturing overhead incurred d. Work in process-Mixing $325,000 Work in process-Baking $77,000 Manufacturing overhead To record application of manufacturing overhead e. Work in process-Baking $1,503,500 Work in process-Mixing To record transfer of bread from mixing to baking department f. Finished goods inventory $1,040,000 Work in process-Baking To record the transfer of completed bread g. Accounts receivable $1,950,000 Sales To record sales Cost of goods sold $1,000,000 Finished goods inventory To record cost of goods sold
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Credit $1,277,300 $195,370 $400,000 $402,000 $1,503,500 $1,040,000 $1,950,000 $1,000,000
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2. Prepare a quantity schedule and schedule of equivalent units for the mixing department for the mo Maxwell Corporation
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Book1 - Part 1 1. Prepare journal entries Ref Account Title...

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