Pleni Company produces 18-ounce boxes of a wheat cereal in three departments: Mixing, Cooking, and Packaging....

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Pleni Company produces 18-ounce boxes of a wheat cereal in three departments: Mixing, Cooking, and Packaging. During August,

CHART OF ACCOUNTS Pleni Company General Ledger ASSETS REVENUE 410 Sales EXPENSES 110 Cash 120 Accounts Receivable 130 Raw Mat

LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Utilities Payable 240 Lease Payable 250 Other Payables EQUITY 310 Comm

1. Calculate the costs transferred out of each department (a) Costs transferred out of the Mixing Department: $ (b) Costs tra

2. Prepare journal entries on Aug. 31 that reflect these cost transfers. Refer to the Chart of Accounts for the exact wording

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Answer 1

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1a
Costs transferred out of the Mixing Department=411700+59900+75400= $547000
b
Costs transferred out of the Cooking Department=547000+187100+38000+40500= $812,600
c
Costs transferred out of the Packaging Department=812,600+165500+91000+116500= $1185600


31-Aug	Work in Process-Cooking	$ 547,000
	Work in Process-Mixing		$ 547,000

31-Aug	Work in Process-Packaging	$ 812,600
	Work in Process-Cooking		$ 812,600

31-Aug	Finished Goods	$ 1,185,600
	Work in Process-Packaging		$ 1,185,600

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Answer 2

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Pleni Company produces 18-ounce boxes of a wheat cereal in three departments: Mixing, Cooking, and Packaging....

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