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Exercise 16A-02 Vaughn Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the pr the following increases. Work in Process Work in Process- Cooking Canning Direct Materials 22,800 10,900 Factory Labor 9,430 7,230 Manufacturing overhead 33,800 28,100 Costs transferred in 55,900 Record the April transactions using the following format. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Raw Materials Inventory Factory Labor Manufacturing Overhead Cooking Canning Direct materials used $ Factory labor Manufacturing overhead assigned Transfer from Cooking to Canning Click if you would like to Show Work for this question: Open Show Work 2. Exercise 16A-04 Swifty Company has two production departments: Cutting and Assembly. During July, the following transactions occurred. 1. Purchased $63,100 of raw materials. Incurred $60,900 of factory labor. 3. Incurred $71,600 of manufacturing overhead. 4. Requisitioned materials for Cutting $16,700 and Assembly $9,700. 5. Used factory labor for Cutting $34,000 and Assembly $26,900. . 6. Applied overhead at the rate of $21 per machine hour. Machine hours were Cutting 1,720 and Assembly 1,770. 7. Transferred goods costing $69,660 from the Cutting Department to the Assembly Department. Transferred goods costing $135,600 from Assembly to Finished Goods. 9. Sold goods costing $121,600. 8. COST OF GOODS SOLD Record the transactions using the following format. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MANUFACTURING COSTS WORK IN PROCESS Raw Materials Inventory Factory Labor Manufacturing Overhead Cutting Assembly FINISHED GOODS INVENTORY 1. Direct materials purchased 63,100 $ 2. Factory labor incurred 3. Manufacturing overhead incurred Direct materials used 5. Factory labor assigned 6. Manufacturing Overhead assigned 7. Transfer from Cutting to Assembly 8. Transfer from Assembly to Finished Goods 9. Record Cost of Goods Sold Click if you would like to Show Work for this question: Open Show Work Do It! Review 16A-02 Swifty Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred. Raw materials used Factory labor costs Manufacturing overhead costs Mixing $10,700 8,800 12.600 Packaging $28,600 36,800 54,800 Units completed at a cost of $22,000 in the Mixing Department are transferred to the Packaging Department. Units completed at a cost of $105,100 in the Packaging Department are transferred to Finished Goods. Record the assignment of these costs to the two processes and the transfer of units as appropriate using the following format. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Manufacturing Costs Manufacturing Overhead Work in Process - Mixing Raw Materials Inventory Factory Labor Work in Process - Packaging Finished Goods Inventory Direct materials used Factory labor assigned Manufacturing overhead assigned Transfer from Mixing to Packaging Transfer from Packaging to Finished Goods Inventory Click if you would like to Show Work for this question: Open Show Work

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