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Jelly Treats produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging. Assume that the Shells processing department began June with $18,200 of unfinished jelly bean centers. During June, the Shells process used $42,900 of direct materials, used $12,200 of direct labor, and was allocated $17,800 of manufacturing overhead. In addition, $126,600 was transferred out of the Centers processing department during the month and $196,200 was transferred out of the Shells processing department during the month. These transfers represent the cost of the jelly beans transferred from one process to another. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. 1. 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? 1. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. Work in Process Inventory-Shells 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? The ending balance of represents the cost of making the the cost of making the jelly bean centers and jelly beans. This the cost incurred so far on applying the shells.

Jelly Treats produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging. Assume that the Shells processing department began June with $18,200 of unfinished jelly bean centers. During June, the Shells process used $42,900 of direct materials, used $12,200 of direct labor, and was allocated $17,800 of manufacturing overhead. In addition, $126,600 was transferred out of the Centers processing department during the month and $196,200 was transferred out of the Shells processing department during the month. These transfers represent the cost of the jelly beans transferred from one process to another. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. 1. 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? 1. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. Work in Process Inventory-Shells 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? The ending balance of represents the cost of making the the cost of making the jelly bean centers and jelly beans. This the cost incurred so far on applying the shells.

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 17E
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Jelly Treats produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging.

Jelly Treats produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging. Assume that the Shells processing department began June with $18,200 of unfinished jelly bean centers. During June, the Shells process used $42,900 of direct materials, used $12,200 of direct labor, and was allocated $17,800 of manufacturing overhead. In addition, $126,600 was transferred out of the Centers processing department during the month and $196,200 was transferred out of the Shells processing department during the month. These transfers represent the cost of the jelly beans transferred from one process to another. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. 1. 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? 1. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. Work in Process Inventory-Shells 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? The ending balance of represents the cost of making the the cost of making the jelly bean centers and jelly beans. This the cost incurred so far on applying the shells.
Transcribed Image Text:Jelly Treats produces jelly beans in three sequential processing departments: Centers, Shells, and Packaging. Assume that the Shells processing department began June with $18,200 of unfinished jelly bean centers. During June, the Shells process used $42,900 of direct materials, used $12,200 of direct labor, and was allocated $17,800 of manufacturing overhead. In addition, $126,600 was transferred out of the Centers processing department during the month and $196,200 was transferred out of the Shells processing department during the month. These transfers represent the cost of the jelly beans transferred from one process to another. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. 1. 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? 1. Prepare a T-account for the Work in Process Inventory-Shells showing all activity that took place in the account during June. Work in Process Inventory-Shells 2. What is the ending balance in the Work in Process Inventory-Shells on June 30? What does this figure represent? The ending balance of represents the cost of making the the cost of making the jelly bean centers and jelly beans. This the cost incurred so far on applying the shells.
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