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
