Question: hethemet Thehan the we all the chando dichthe Write Down of inventory Problem #13 Morris Chemical Corporation uses a process costing system for its two

 hethemet Thehan the we all the chando dichthe Write Down of

hethemet Thehan the we all the chando dichthe Write Down of inventory Problem #13 Morris Chemical Corporation uses a process costing system for its two production departments Blending and Finishing. The company provided the following manufacturing cost information for the year 2020. Blending Beginning work in process 1/1/20 Finishing 800 1200 Costs transferred in N/A ????? 6400 5000 Costs incurred in 2020 for this dept Ending work in process 12/31/20 800 1800 Required [20 Points): a. Record the transfer of costs from the Blending Department to the Finishing Departme provide the journal entry with debits/increases and credits/decreases in the accounts, et b. Record the transfer of costs from the Finishing Department to Finished Goods Inver 2020 (i.e., provide the journal entry with debits/increases and credits/decreases in the etc.). c. Assuming all amounts transferred to Finished Goods Inventory in b. above remain year-end and represents the only finished goods on hand at year-end, how much WIE and Finished Goods Inventory will appear on the balance sheet at 12/31/2020 (assur amounts are the only WIP for the Company)? (Show all calculations to earn maximum partial credit. You may want to show "T desired.)

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