Concept explainers
Kopa Company manufactures CH-21 through two processes: mixing and packaging. In July, the following costs were incurred.
Assign and journalize manufacturing costs. (LO 2), AP
Mixing | Packaging | |
Raw materials used | $10,000 | $28,000 |
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 $106,000 in the Packaging Department arc transferred to Finished Goods. Journalize the assignment of these costs to the two processes and the transfer of units as appropriate.
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