Case2 - 77,000 Manufacturing Overhead 402,000 To record MOH...

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Requirement 1  Requirement 2 Journal Entry:  Quantity Schedule  a. Maxwell Corporation  WIP Mixing Dept.  1,037,300 WIP Banking Dept.  240,000 Raw Materials Inventory 1,277,300 Units %Completed MateCompleted Conversion  To record the distribution of raw materials in each department  WIP, Begiinning Units during production  b.  WIP Baking Dept.  38,000 WIP Mixing Dept.  157,370 195,370 To record the total amount of Direct Labor costs c.  WIP Baking + Mixing 400,000 Accounts Payable 400,000 d.  WIP Mixing Dept.  325,000 WIP Baking Dept
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Unformatted text preview: 77,000 Manufacturing Overhead 402,000 To record MOH for predetermined overhead rate e. WIP Baking Dept. 1,503,500 Schedule of Equivalent Units WIP Mixing Dept. 1,503,500 Maxwell Corporation Transfering Mixing Dept. to Baking Dept. f. Units transferred to next dept. Finished Goods 1,040,000 WIP Ending WIP Bakding Dept. 1,040,000 Completed goods in Bakding Department are finished Equivalent Units of Production g. Cost of goods sold 1,950,000 Finished Goods 1,950,000...
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This note was uploaded on 09/30/2009 for the course ACC 221 taught by Professor Tribunella during the Spring '08 term at Rochester.

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