Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The following...

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Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The followin

WORE MANUFACTURING COSTS Factory Labor Raw Materials Inventory Manufacturing Overhead Mixing 1. $ $ $ $ 2. 3. 4. 5. 6. 7. 8.

WORK IN PROCESS Packaging FINISHED GOODS INVENTORY COST OF GOODS SOLD $ $ $ $ $

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Answer 1

Answer #1

	Manufacturing costs			Work In Process
	Raw materials inventory	Factory labor	Manufacturing overhead	Mixing	Packaging	Finished goods inventory	Cost of goods sold
1	304400
2	-261500			212500	49000
3		284300
4		-284300		186500	97800
5			956400
6			-917400	719400	198000
7				-980800	980800
8					-1320000	1320000
9						-1215000	1215000

Workings:
Manufacturing overhead applied:
Mixing	719400	=32700*22
Packaging	198000	=9000*22

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Answer 2

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