Comprehensive Problem 5: Process Costing This problem has a value of 10% of your final grade. Scenario: YUM YUM COOKIES Company manufactures cookies….

 Comprehensive Problem 5: Process Costing This problem has a value of 10% of your final grade. Scenario:YUM YUM COOKIES Company manufactures cookies.  Materials are added in the Baking Department.  After processing, the cookies are moved to the Packing Department where more materials are added.  The completed packages are then moved to Finished Goods.   Task:Using the data below the month of July, determine the July Gross Profit using FIFO inventory methods.  June 30:​Raw Material Inventory:  $235,000​​Baking Department :  WIP # = 0   WIP $$ = 0​​Packing Department : WIP # = 6000 cases at 80% completion,  WIP$ = $95,000​​Finished Goods Inventory : WIP # 20,000 cases  WIP $ = $300,000   July Transactions:Materials Purchased on Account:​$520,000# Cases started:​​​Baking Department: 50,000​​​​​Packing Department: 35,000 Materials Requisitioned:​​Baking Dept:​$225,000 DM, $25,000 IM​​​​​Packing Dept:  $40,250 DM, $9,750 IM Labor Costs:​​​​Baking Dept:​$106,000 DL, $12,000 IL​​​​​Packing Dept:  $60,000 DL,  $17,000 IL Misc. Expenses:​​​Baking Dept: $18,000​​​​​Packing Dept: $14,600 Prepaid Expenses:​​​Baking Dept:  $4,500​​​​​Packing Dept:  $1000 Depreciation Expenses:​​Baking Dept:  $46,000​​​​​Packing Dept:​$ 15,000 FOH Applied:​​​​Baking Dept:​$86,700​​​​​Packing Dept: $30,345 Sales on Account:​​​47,000 cases at $42 per case July 31 WIP​​​​Baking Dept:  WIP = 40% complete​​​​​Packing Dept:  5000 cases at 10% completion   

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more