Prepare the journal entries to record preceding transactions

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Reference no: EM13823451

1. General Mills Company produces a product which requires several departments. Two of those departments are the (1) Mixing and (2) Baking departments. The company uses a process cost accounting system. During March the company had the following transactions for these departments:

(a) Manufacturing overhead is applied to the product based on the following for each department:

Mixing department--270 machine hours at $35 per machine hour.

Baking department—360 direct labor hours at $24 per hour.

(b) Units costing $41,000 were completed in the Mixing Department and were transferred to the Baking Department.

Instructions

Prepare the journal entries to record the preceding transactions (a, b, c) for General Mills Company.

Reference no: EM13823451

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