Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In
ID: 2482773 • Letter: K
Question
Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred. Units completed at a cost of $21,847 in the Mixing Department are transferred to the Packaging Department. Units completed at a cost of $105,896 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)Explanation / Answer
The entries are:
A)Work in Process—Mixing 10,019
Work in Process—Packaginng 28,342
Raw Materials Inventory 38,361
(To record materials used)
b)
Work in Process—Mixing 7,100
Work in Process—Packaging 36,919
Factory Labor 44,019
(To assign factory labor to production)
c)
Work in Process—Mixing 11,333
Work in Process—Packaging 53,324
Manufacturing Overhead 64,657
(To assign overhead to production)
d)
Work in Process—Packaging 21,847
Work in Process— Mixing21,847
(To record transfer of units to the Packaging Department)
e)
Finished Goods Inventory 105,896
Work in Process—Packaging 105,896
(To record transfer of units to fi nished goods)
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