11. ColomboColombo Company has three departments: Mixing, Bottling, and Packagin
ID: 2601774 • Letter: 1
Question
11.
ColomboColombo
Company has three departments: Mixing, Bottling, and Packaging. At the end of the month, the production cost reports for the departments show the costs of the products completed and transferred were
$ 71 comma 000$71,000
from Mixing to Bottling,
$ 47 comma 000$47,000
from Bottling to Packaging, and
$ 60 comma 000$60,000
from Packaging to Finished Goods Inventory. Prepare the journal entries for the transfer of the costs. (Record debits first, then credits. Exclude explanations from any journal entries.)
Prepare the journal entry for the transfer of the costs from Mixing to Bottling.
Date
Accounts
Debit
Credit
Prepare the journal entry for the transfer of the costs from Bottling to Packaging.
Date
Accounts
Debit
Credit
Prepare the journal entry for the transfer of the costs from Packaging to Finished Goods Inventory.
Date
Accounts
Debit
Credit
Date
Accounts
Debit
Credit
Explanation / Answer
Account titles and explanation Debit Credit 1. Work-in-Process Inventory—Bottling $71,000 Work-in-Process Inventory—Mixing $71,000 2. Work-in-Process Inventory—Packaging $47,000 Work-in-Process Inventory—Bottling $47,000 3. Finished Goods Inventory $60,000 Work-in-Process Inventory—Packaging $60,000
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