Yussuff Company manufactures CH-21 through two processes: mixing and packaging. In July, the following costs were incurred.
____________________________________Mixing _______ Packaging
Raw materials used ...................... $10,000 ............. $24,000
Factory labour costs ..................... 8,000 ............. 36,000
Manufacturing overhead costs ......... 12,000 ............. 54,000
Units completed at a cost of $21,000 in the mixing department are transferred to the packaging department. Units completed at a cost of $102,000 in the packaging department are transferred to Finished Goods.
Instructions
Journalize the assignment of these costs to the two processes and the transfer of units as appropriate.