ACC - Bake Perfect Pies Company

Question # 00012187 Posted By: expert-mustang Updated on: 04/13/2014 07:58 AM Due on: 04/13/2014
Subject Accounting Topic Accounting Tutorials:
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We Bake Perfect Pies Company makes fruit pies using a process cost system. The dough is made in the mixing department and then moves to the rolling department where crusts are rolled and placed into baking pans. The pans move into the filling department where fruit is placed into the crusts. The pies then move to the baking department. Once the pies have been baked, they move to packaging they are boxed and then sent to Finished Goods. During the month of October the company had sales of $83,000. Each pie sells for $10.
Using the following information, determine the Gross Profit for the Month of October.
Mixing Department: Beginning Balance 0
Ending inventory 1000 pies at 40% completion
DM used: $1000
DL used: $800
FOH allocated: $1200
Rolling Department: Beginning Balance 1600 pies that were 70% completed with costs of $600
Pies started: 9000
Pies transferred to Filling Department: 8100
Ending Inventory was 10% completed
DL used: $2338
FOH allocated: $2000
Filling Department:
$7500

Beginning Balance 3000 pies that were 20% completed with costs of Ending inventory was 75% completed
DM used: $16200
DL used: $3800
FOH allocated: $1975

Baking Department: Beginning Balance 0
Pies Transferred into department 7600
FOH allocated: $14160
Ending inventory: 1300 pies at 60% completion
Packaging Department:
Beginning Balance: 2100 pies at 20% completion with costs of $12,600
Ending Inventory was 2000 pies at 90% completed
DM used: $7875
DL used: $1945
FOH allocated: $3890
Finished Goods Department: Beginning Balance: 2600 pies with costs of $15626
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Tutorials for this Question
  1. Tutorial # 00011745 Posted By: expert-mustang Posted on: 04/13/2014 08:00 AM
    Puchased By: 6
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    Cost of Ending Inventory Units ...
    Attachments
    ACC_-_Bake_Perfect_Pies_Company_Solution.xlsx (14.32 KB)
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