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1 April, 01:47

Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred. Mixing Packaging Raw materials used $10,000 $28,000 Factory labor costs 8,000 36,000 Manufacturing overhead costs 12,000 54,000 Units completed at a cost of $21,000 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. Journalize the assignment of these costs to the two processes and the transfer of units as appropriate

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  1. 1 April, 05:12
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    mixing WIP 10,000

    packaging WIP 28,000

    raw materials inventory 38,000

    mixing WIP 8,000

    packaging WIP 36,000

    wages payable 44,000

    mixing WIP 12,000

    packaging WIP 54,000

    Factory overhead 66,000

    packaging WIP 21,000

    mixing WIP 21,000

    FInished Goods 106,000

    packaging WIP 106,000

    Explanation:

    the cost for each department are assignet

    then we transfer from mising to packing

    and finally from packaging to finished goods.
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