Exercise 4-8 Process Costing Journal Entries [LO1] Schneider Brot is a bread-baking company located in Aachen, Germany, near the Dutch border. The company uses a process costing system for its sin

Exercise 4-8 Process Costing Journal Entries [LO1]

Schneider Brot is a bread-baking company located in Aachen, Germany, near the Dutch border. The company uses a process costing system for its single product—a popular pumpernickel bread. Schneider Brot has two processing departments—Mixing and Baking. The T-accounts below show the flow of costs through the two departments in April (all amounts are in the currency euros):

Work in Process—Mixing

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Balance 4/1 10,000 Transferred out 760,000

Direct materials 330,000

Direct labor 260,000

Overhead 190,000

Work in Process—Baking

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Balance 4/1 20,000 Transferred out 980,000

Transferred in 760,000

Direct labor 120,000

Overhead 90,000

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Required:

Prepare journal entries showing the flow of costs through the two processing departments during April. (Omit the “€” sign in your response.)

General Journal Debit Credit

Raw materials issued.

(Click to select)Work in process-BakingRaw materials inventoryWork in process-MixingManufacturing overheadDirect laborFinished goodsCost of goods soldWages payable

(Click to select)Work in process-BakingWages payableFinished goodsManufacturing overheadDirect laborWork in process-MixingCost of goods soldRaw materials inventory

Direct labor incurred.

(Click to select)Work in process-MixingCost of goods soldFinished goodsWages payableManufacturing overheadWork in process-BakingRaw materials inventoryDirect labor

(Click to select)Work in process-BakingWages payableDirect laborFinished goodsManufacturing overheadCost of goods soldRaw materials inventoryWork in process-Mixing

(Click to select)Manufacturing overheadCost of goods soldRaw materials inventoryWork in process-BakingDirect laborFinished goodsWages payableWork in process-Mixing

Manufacturing overhead applied.

(Click to select)Work in process-BakingWages payableManufacturing overheadWork in process-MixingDirect laborFinished goodsCost of goods soldRaw materials inventory

(Click to select)Wages payableFinished goodsWork in process-MixingWork in process-BakingCost of goods soldManufacturing overheadRaw materials inventoryDirect labor

(Click to select)Wages payableWork in process-BakingWork in process-MixingManufacturing overheadFinished goodsDirect laborRaw materials inventoryCost of goods sold

Work completed in Mixing Department.

(Click to select)Raw materials inventoryWork in process-BakingCost of goods soldWages payableFinished goodsDirect laborManufacturing overheadWork in process-Mixing

(Click to select)Manufacturing overheadWork in process-MixingWork in process-BakingFinished goodsWages payableCost of goods soldRaw materials inventoryDirect labor

Work completed in Baking Department.

(Click to select)Raw materials inventoryWages payableWork in process-MixingFinished goodsManufacturing overheadCost of goods soldWork in process-BakingDirect labor

(Click to select)Work in process-BakingWages payableRaw materials inventoryDirect laborCost of goods soldManufacturing overheadWork in process-MixingFinished goods

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