Answer and Explanation:
1. The Journal entry is shown below:-
a. Work in process for Grinding department Dr, $129,400
To Work in process for Molding department $129,400
(Being transfer the cost to the grinding department is recorded)
b. Work in process for Finishing department Dr, $232,700
To Work in process for Grinding department $232,700
(Being transfer the cost to the finishing department is recorded)
c. Finished goods Dr, $272,200
To Work in process-Finishing department $272,200
(Being transfer the cost to the finishing goods is recorded)
2. According to the job order costing, all cost is transferred on one time to the finished goods inventory plus there is no carry forward
On the other side, the process costing is the costing in which all the journal entries are interconnected with each type of department
