Question

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

Answer 1

Answer:

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.