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A manufacturer of fruit-flavored toaster pastries had a very busy month. After the accountants looked over all of the production activity, they have determined that the following costs have been incurred: Direct Materials (DM) Dough, $8400 Icing, $9560 Strawberry, $1308 Blueberry, $1503 Raspberry, $1018 Direct Labor (DL) Salaries and Wages, $13407 Manufacturing Overhead (MOH) MOH Control, $12706 All of the given costs were incurred within the baking department. Once units are completed, they move on to a finishing department before reaching their final destination at packaging where they are packaged for sales. The baking department's work in process account had a beginning balance of $1307 and units completed and transferred out were $48469. Which of the following represents a correct portion of a journal entry to account for these costs? O A credit to DM Inventory-Dough to account for the use of the $8400 of dough O A credit to Work-in-Progress (WIP) Inventory-Baking to account for DL and MOH O A debit to DM Inventory-Strawberry to account for the use of the $1308 of strawberries A debit to MOH Control to account for the $12706 of MOH

A manufacturer of fruit-flavored toaster pastries had a very busy month. After the accountants looked over all of the production activity, they have determined that the following costs have been incurred: Direct Materials (DM) Dough, $8400 Icing, $9560 Strawberry, $1308 Blueberry, $1503 Raspberry, $1018 Direct Labor (DL) Salaries and Wages, $13407 Manufacturing Overhead (MOH) MOH Control, $12706 All of the given costs were incurred within the baking department. Once units are completed, they move on to a finishing department before reaching their final destination at packaging where they are packaged for sales. The baking department's work in process account had a beginning balance of $1307 and units completed and transferred out were $48469. Which of the following represents a correct portion of a journal entry to account for these costs? O A credit to DM Inventory-Dough to account for the use of the $8400 of dough O A credit to Work-in-Progress (WIP) Inventory-Baking to account for DL and MOH O A debit to DM Inventory-Strawberry to account for the use of the $1308 of strawberries A debit to MOH Control to account for the $12706 of MOH

FINANCIAL ACCOUNTING
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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A manufacturer of fruit-flavored toaster pastries had a very busy month. After the accountants looked over all of the production activity, they have determined that the following costs have been incurred: Direct Materials (DM) Dough, $8400 Icing. $9560 Strawberry, $1308 Blueberry, $1503 Raspberry, $1018 Direct Labor (DL) Salaries and Wages, $13407 Manufacturing Overhead (MOH) MOH Control, $12706 All of the given costs were incurred within the baking department. Once units are completed, they move on to a finishing department before reaching their final destination at packaging where they are packaged for sales. The baking department's work in process account had a beginning balance of $1307 and units completed and transferred out were $48469. Which of the following represents a correct portion of a journal entry to account for these costs? O A credit to DM Inventory-Dough to account for the use of the $8400 of dough O A credit to Work-in-Progress (WIP) Inventory-Baking to account for DL and MOH O A debit to DM Inventory-Strawberry to account for the use of the $1308 of strawberries O A debit to MOH Control to account for the $12706 of MOH
Transcribed Image Text:A manufacturer of fruit-flavored toaster pastries had a very busy month. After the accountants looked over all of the production activity, they have determined that the following costs have been incurred: Direct Materials (DM) Dough, $8400 Icing. $9560 Strawberry, $1308 Blueberry, $1503 Raspberry, $1018 Direct Labor (DL) Salaries and Wages, $13407 Manufacturing Overhead (MOH) MOH Control, $12706 All of the given costs were incurred within the baking department. Once units are completed, they move on to a finishing department before reaching their final destination at packaging where they are packaged for sales. The baking department's work in process account had a beginning balance of $1307 and units completed and transferred out were $48469. Which of the following represents a correct portion of a journal entry to account for these costs? O A credit to DM Inventory-Dough to account for the use of the $8400 of dough O A credit to Work-in-Progress (WIP) Inventory-Baking to account for DL and MOH O A debit to DM Inventory-Strawberry to account for the use of the $1308 of strawberries O A debit to MOH Control to account for the $12706 of MOH
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