Question

Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred.

Mixing Packaging

Raw materials used $10,600 $27,900

Factory labor costs 7,300 36,200

Manufacturing overhead costs 12,300 54,200

Units completed at a cost of $22,000 in the Mixing Department are transferred to the Packaging Department. Units completed at a cost of $105,800 in the Packaging Department are transferred to Finished Goods.

Answer 1

Solution:

Journal Entries:

No.	Account Title and Explaination	Debit ($)	Credit ($)
1.	Work in process - Mixing	10,600
	Work in process - Packaging	27,900
	Raw Materials Inventory		38,500
	(To record materials used)
2.	Work in process - Mixing	7,300
	Work in process - Packaging	36,200
	Factory labor		43,500
	(To record factory labor to production)
3.	Work in process - Mixing	12,300
	Work in process - Packaging	54,200
	Manufacturing Overhead		66,500
	(To record overhead to production)
4.	Work in process -Packaging	22,000
	Work in process - Mixing		22,000
	(To record transfer of units to the Packaging Department)
5.	Finished Goods Inventory	105,800
	Work in process - Packaging		105,800
	(To record transfer of units to finished goods)

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