Question

Bayas Corporation uses process costing. A number of transactions that occurred in June are listed below. (1) Raw materials that cost $41,100 are withdrawn from the storeroom for use in the Mixing Department. All of these raw materials are classified as direct materials. (2) Direct labor costs of $17,400 are incurred, but not yet paid, in the Mixing Department. (3) Manufacturing overhead of $47,000 is applied in the Mixing Department using the department's predetermined overhead rate. (4) Units with a carrying cost of $88,900 finish processing in the Mixing Department and are transferred to the Drying Department for further processing. (5) Units with a carrying cost of $112,600 finish processing in the Drying Department, the final step in the production process, and are transferred to the finished goods warehouse. (6) Finished goods with a carrying cost of $99,500 are sold. Required: Prepare journal entries for each of the transactions listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 > Raw materials that cost $41,100 are withdrawn from the storeroom for use in the Mixing Department. All of these raw materials are classified as direct materials. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

Answer 1

Jawqual Eubey Done Transaction Debit) 42,00 laceditly 41,100 17,400 2 17.400 Genesel Jowinad Work In Procen- Miklg Depart. Direct Material (to record material used Werk In proces – Mesing Departe Wages payable (to record corect labor) Work Ju proces- Maring Depart. Manufacturing oneached (to record overhead) hbsek porosch – Duying Repare Work in process - Mixing Depart. (To record de poeeti Cost) 47,000 3 47poo 88,900 4. 8.900 5 Finished faces 112,600 112,600 Worken pouss-Drying Depart. To record finished gooch) Cost of goods sold 99,500 finished goods 99500 (to grecord cost of Geode sold)