Please answer it properly 9. Oman Flour Mill Company manufactures its product, Dahabithrough two manufacturing processes: Mixing andPackaging.During October, 50,000 units were started into productionin the Mixing Department and the following transactionswere completed.1. Purchased $65,000 of raw materials on account.2. Issued raw materials for production: Mixing $42,000and Packaging $9,000.3. Incurred labor costs of $49,780 (credit to Wagespayable).4. Used factory labor: Mixing $36,500 and Packaging$13,280.5. Incurred $158,000 of manufacturing overhead onaccount.6. Applied manufacturing overhead on the basis of $44per machine hour.Machine hours were 2,600 in Mixing and 1,200 inPackaging.7. Transferred 9,000 units from Mixing to Packaging at acost of $195,800.8. Transferred 10,600 units from Packaging to FinishedGoods at a cost of $263,000.9. Sold goods costing $320,800 for $500,000 on account.Required:Journalize the October transactions.

Journalisation of Manufacturing company Journalisation of manufacturing company is some what…

9. Oman Flour Mill Company manufactures its product, Dahabi through two manufacturing processes: Mixing and Packaging. During October, 50,000 units were started into production in the Mixing Department and the following transactions were completed. 1. Purchased $65,000 of raw materials on account. 2 Issued raw materials for nroduction: Mixing 42.000

9. Oman Flour Mill Company manufactures its product, Dahabi through two manufacturing processes: Mixing and Packaging. During October, 50,000 units were started into production in the Mixing Department and the following transactions were completed. 1. Purchased $65,000 of raw materials on account. 2 Issued raw materials for nroduction: Mixing 42.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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