Blossom Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials...

60.1K

Verified Solution

Question

Accounting

Blossom Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are
entered at the beginning of each process. On October 1,2025, inventories consisted of Raw Materials $26,520, Work in Process-
Mixing $0, Work in Process-Packaging $255,000, and Finished Goods $294,780. The beginning inventory for Packaging consisted
of 10,200 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 51,000 units were
started into production in the Mixing Department and the following transactions were completed.
Purchased $306,000 of raw materials on account.
Issued direct materials for production: Mixing $214,200 and Packaging $45,900.
Incurred labor costs of $284,478.(Use Wages Payable.)
Used factory labor: Mixing $186,150 and Packaging $98,328.
Incurred $826,200 of manufacturing overhead on account.
Applied manufacturing overhead on the basis of $23 per machine hour. Machine hours were 28,560 in Mixing and 6,120 in
Packaging.
Transferred 45,900 units from Mixing to Packaging at a cost of $998,580.
Completed and transferred 54,060 units from Packaging to Finished Goods at a cost of $1,341,300.
Sold goods costing $1,636,080 for $2,550,000 on account.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students