chapter16probsetc - PROBLEM SET C PROBLEM 16-1C The Jackson...

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Unformatted text preview: PROBLEM SET C PROBLEM 16-1C The Jackson Corporation manufactures 16-ounce jars of spaghetti sauce. The sauce ingredients include chopped beef, onions, peppers, mushrooms, sauce, and seasonings. The company uses a process costing system. The company has four processing departments. The raw vegetables are chopped up in the Chopping and Washing Department. Seeds and skins are removed from the vegetables and the vegetables are chopped into bite-size pieces. Finally, the entire mixture is washed and then passed onto the Cooking Department. The Cooking Department adds the chopped beef, cooks all the ingredients and then passes the mixture onto the Mixing Department. In the Mixing Department, the sauce and seasonings are added to the mixture received from the Cooking Department, simmered a final time, and transferred to the Packaging Department. In the Packaging Department, the sauce is packaged into a plastic jar, the jar is labeled, and the jar is capped. There are no units in process at the beginning of 2006. On the first January workday, the Chopping and Washing Department requisitions enough raw materials to manufacture 300,000 jars of sauce. All of the following happen by the end of the month: (1) the Chopping and Washing Department transfers 270,000 units to the Cooking Department, (2) the Cooking Department transfers 255,000 units to the Mixing Department, (3) the Mixing Department transfers 240,000 units to the Packaging Department, and, (4) the Packaging Department transfers 230,000 units to the finished goods department. Required: Prepare the Units to Account for and the Units Accounted for sections of Jacksons January Process Cost Summary for all four departments. You may prepare one report for each department or you may prepare one report incorporating all four departments. However, if you prepare one consolidated report, it must still show all the relevant detail. PROBLEM 16-2C Note: This problem uses some of the same information found in Problem 16-1C. The Jackson Corporation manufactures 16-ounce jars of spaghetti sauce. The sauce ingredients include chopped beef, onions, peppers, mushrooms, sauce, and seasonings. The company uses a process costing system. The company has four processing departments. The raw vegetables are chopped up in the Chopping and Washing Department. Seeds and skins are removed from the vegetables and the vegetables are chopped into bite-size pieces. Finally, the entire mixture is washed and then passed onto the Cooking Department. The Cooking Department adds the chopped beef, cooks all the ingredients the Cooking Department....
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This note was uploaded on 09/23/2010 for the course FIN 310 taught by Professor Smith during the Fall '10 term at Arizona Western College.

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chapter16probsetc - PROBLEM SET C PROBLEM 16-1C The Jackson...

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