The Mixing Department performs a series of processes in which a fluid chemical is concentrated. - Records
Question:
The Mixing Department performs a series of processes in which a fluid chemical is concentrated.
- Records indicate that the Mixing Department has been charged with $64,000 of direct labor costs.
- The manufacturing overhead is 150% of direct labor costs.
- Beginning work in process was$224,000 and ending work in process total $34,000.
- One- half of this period's completed products is sold on account at a price equal to 160% of its cost.
Prepare the journal entries to record (1) various costs charged to the Mixing Department this period. (2) transfer of this period's completed product, and (3) sale of one-half of this period's production
1a) To record direct labor costs
1b) To record manufacturing overhead
2) To record completed production
3a) To record cost of goods sold
3b) To record this period's sales
Automation Production Systems and Computer Integrated Manufacturing
ISBN: 978-0132393218
3rd edition
Authors: Mikell P.Groover