We Bake Perfect Pies Company makes fruit pies using a process cost system.  The dough is made in the mixing...

profilesuperbatman
sample_answer_format.xlsx
Home>Business & Finance homework help>Accounting homework help>We Bake Perfect Pies Company makes fruit pies using a process cost system.  The dough is made in the mixing...

YUM YUM COOKIES

Comprehensive Problem 5 solution
Yum Yum Cookies Company July
Flow: Baking - Packing - Fin Inv
RAW MATERIALS BAKING FOH PACKING FOH
BAL 235000 225000 bak IM 25000 86700 IM 9750 30345
520000 25000 BFOH IL 12000 IL 17000
EXP 18000 EXP 14600
PPD 4500 PPD 1000
DEP 46000 DEP 15000
BAKING WIP Units BAKING WIP $$ PACKING WIP Units PACKING WIP $$
A 0 Aco 0 A 6000 6000 FIN Aco 95000 98420 FIN
B+C 50000 35000 Bbak DM 225000 322000 Bbak B+C 35000 30000 FIN DM 40250 396000 FIN
DL 106000 C 5000 DL 60000
C 15000 FOH 86700 FOH 30345
C 95700 B+C 322000
C 53175
DM = 225000/50000 = $4.50 DM = 40250 / 35000 = $1.15
CC = 192,700 / 41,000 =$4.70 CC = 90345 / 31700 = $2.85
CO: 322000 / 35000 = $9.20
A units = 0 A Units = 6000 @20% = 1200 EU*
DM: 0
CO: 95,000
CC: 1200 X 2.85 = 3,420
TOTAL = $98,420
B units @ 100% = 35,000 EU* B units @ 100% = 30,000 EU*
DM: 35000 x 4.50 = 157,500 DM: 30000 x 1.15 = 34,500
CC: 35000 x 4.70 = 164,500 CO: 30000 x 9.20 = 276,000
TOTAL = $322000 CC: 30000 x 2.85 = 85,500
TOTAL = $396,000 → 396000 / 30000 = 13.20/B unit
21000 x 13.20 = 277200
C units: 15000 @ 40% = 6000 EU* C units: 5000 @ 10% = 500 EU*
DM: 15000 x 4.50 = 67,500 DM: 5000 X 1.15 = 5,750
CC: 6000 x 4.70 = 28,200 CO: 5000 x 9.20 = 46,000
TOTAL = $95,700 CC: 500 x 2.85 = 1,425
TOTAL = $53,175
FIN INV Units FIN INV $$ COGS SALES
A 20000 20000 COGS Aco 300000 300000 COGS Aco 300000 1974000
A Pkg 6000 6000 COGS A Pkg 98420 98420 COGS A Pkg 98420
B Pkg 30000 21000 COGS B Pkg 396000 277200 COGS B pkg 277200
B Pkg 9000 B Pkg 118800 675620
↓ ↓
→ GP = 1,974,000 - 675,620 = $1,298,380 ←

Sheet2

Sheet3