21 of 40 (17 complete This Quiz: 40 pts possibl 12. Moretti Company has three de

Question

21 of 40 (17 complete This Quiz: 40 pts possibl 12. Moretti Company has three departments Moxing, Botting, 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 S77 000 fom Maxing to Botting. $46,000 from Boting to Packaging, and $63,000 from Packaging to Finished Goods Inventory Preopare the ioumal entries for the transfer of the costs (Record debils ferst, then credis Exclude explanaions trom any journal entries) Prepare the journal entry for the trarster of the costs from Moxng to Botting Date Accounts Debit Credit Prepare the journal entry for the transder of the costs fram Boming to Packaging Debit Cred Date Prepare the joumal entry for the tranafer of the cons from Packaging to Finshed Goods lnvent hoose tom any ist or ener any trumber in the input feids and then contue to the next question g e

Explanation / Answer

Date Accounts Debit Credit For Transfer from Mixing to Bottling Work in process Inventory-Bottling Dr. 77000      Work in process inventory-Mixing 77000 For transfer from Bottling to Packaging Work in Process Inventory-Packaging Dr. 46000      Work in Process Inventory-Bottling 46000 For Transfer from packaging to finished goods Finished Goods Inventory Dr. 63000      Work in process Inventory-Packaging 63000

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