Hines Company has a production process that involves three processes. Units move through the processes in this order: cutting, stamping, and then polishing. The company had the following transactions in November:
• Cost of units completed in the Cutting Department, $ 15,000
• Cost of units completed in the Stamping Department, $ 27,000
• Cost of units completed in the Polishing Department, $ 36,000
• Sales, $ 50,000
• Cost of goods sold is 60% of sales
Prepare the journal entries for Hines Company.