Do It! Review 3-2 Kopa Company manufactures CH-21 through two processes: Mixing

Question

Do It! Review 3-2 Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs vere incurred. Mixing Packaging Raw materials used Factory labor costs Manufacturing overhead costs $10,300 7,500 11,800 $28,200 36,000 54,100 Units completed at a cost of $20,000 in the Mixing Department are transferred to the Packaging Department Units completed at a cost of $106,000 in the Packaging Department are transferred to Finished Goods ournalize the assignment of these costs to the two processes and the transfer of units as appropriate. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record materials used) (To assign factory labor to production) (To assign overhead to production) To record transfer of units to the Packaging Department) (To record transfer of units to finished goods)

Explanation / Answer

1 Work in progress-mixing department 10300 Work in progress- packaging department 28200                    Raw material inventory 38500 2 Work in progress-mixing department 7500 Work in progress- packaging department 36000                     Wages payable 43500 3 Work in progress-mixing department 11800 Work in progress- packaging department 54100                    Manufacturing overheads 65900 4 Work in progress- packaging department 20000                  Work in progress-mixing department 20000 5 Finished goods inventory 106000                 Work in progress- packaging department 106000

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