Gardner Company produces 18-ounce boxes of a wheat cereal in three departments: mixing, cooking, and packaging. During August, Gardner produced 125,000 boxes with the following costs: Mixing Cooking Packaging Department Department Department Direct materials $413,400 $188,200 $165,800 Direct labor 60,800 37,500 89,900 Applied overhead 75,000 40,250 115,250 Required: 1. Calculate the costs transferred out of each department. 2. Prepare journal entries that reflect these cost transfers.

Gardner Company produces 18-ounce boxes of a wheat cereal in three departments: mixing, cooking, and packaging. During August, Gardner produced 125,000 boxes with the following costs: Mixing Cooking...

Gardner Company produces 18-ounce boxes of a wheat cereal in three departments: mixing, cooking, and packaging. During August, Gardner produced 125,000 boxes with the following costs:

	Mixing	Cooking	Packaging
Department	Department	Department
Direct materials	$413,400	$188,200	$165,800
Direct labor	60,800	37,500	89,900
Applied overhead	75,000	40,250	115,250

Required:

1.	Calculate the costs transferred out of each department.
2.	Prepare journal entries that reflect these cost transfers.

Jun 10, 2022

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