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We Bake Perfect Pies Company makes fruit pies using a process cost system




Question;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% completionDM used: $1000DL used: $800FOH allocated: $1200Rolling Department: Beginning Balance 1600 pies that were 70% completed with costs of $600Pies started: 9000Pies transferred to Filling Department: 8100Ending Inventory was 10% completedDL used: $2338FOH allocated: $2000Filling Department: Beginning Balance 3000 pies that were 20% completed with costs of $7500Ending inventory was 75% completedDM used: $16200DL used: $3800 FOH allocated: $1975Baking Department: Beginning Balance 0Pies Transferred into department 7600FOH allocated: $14160Ending inventory: 1300 pies that were 60% completedPackaging Department: Beginning Balance: 2100 pies at 20% completion with costs of $12,600Ending Inventory was 2000 pies at 90% completedDM used: $7875DL used: $1945FOH allocated: $3890Finished Goods Department: Beginning Balance: 2600 pies with costs of $15626


Paper#38826 | Written in 18-Jul-2015

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