We Bake Perfect Pies Company_Process Costing

$35.00

Description

We
Bake Perfect Pies
Company makes fruit pies using a
process cost system. The dough is made
in the mixing department and then moves to the rolling department where crusts
are rolled and placed into baking pans.
The pans move into the filling department where fruit is placed into the
crusts. The pies then move to the baking
department. Once the pies have been
baked, they move to packaging they are boxed and then sent to Finished Goods. During the month of October the company had
sales of $83,000. Each pie sells for
$10.

Using the following information, determine
the Gross Profit for the Month of October.

Mixing Department: Beginning Balance 0

Ending
inventory 1000 pies at 40% completion

DM
used: $1000

DL
used: $800

FOH
allocated: $1200

Rolling Department: Beginning Balance 1600 pies that were 70%
completed with costs of $600

Pies
started: 9000

Pies
transferred to Filling Department: 8100

Ending
Inventory was 10% completed

DL
used: $2338

FOH
allocated: $2000

Filling Department: Beginning
Balance 3000 pies that were 20% completed with costs of $7500

Ending
inventory was 75% completed

DM
used: $16200

DL
used: $3800

FOH
allocated: $1975

Baking Department: Beginning Balance 0

Pies
Transferred into department 7600

FOH
allocated: $14160

Ending
inventory: 1300 pies at 60% completion

Packaging Department: Beginning Balance: 2100 pies at 20% completion
with costs of $12,600

Ending
Inventory was 2000 pies at 90% completed

DM
used: $7875

DL
used: $1945

FOH
allocated: $3890

Finished Goods Department: Beginning Balance: 2600 pies with costs of
$15626

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