Gray Pharmaceuticals produces an anti-inflammatory medication. The medication requires three sequential processes: Mixing, Tableting, and Bottling. During the month of February, Gray produced 6,000 bottles of the medication. The costs for the units completed are shown in the following table.
Complete the table below:

Prepare the journal entries that correspond to all transfers; also prepare the journal entry for Bottling that reflects the costs added to the transferred-in costs received from Tableting:

Cost-added entry:
Work in Process-Bottling
Materials
Payroll
Overhead Control

Transcribed Image Text:

Bottling Process Mixing Process Tableting Process $775 Direct materials S1,670 $4,230 Direct labor 2,040 1,145 1,145 2,345 2,035 1,675 Applied overhead Costs added $4,490 $8,615 Costs transferred in Costs transferred out %4 Account Debit Credit Transfer Entries: Work in Process-- Select your answer -MixingTabletingltem 7 8,615 Work in Process-- Select your answer -MixingTabletingltem 8 8,615 Work in Process-- Select your answer -TabletingBottlingltem 9 12,570 Work in Process--- Select your answer -TabletingBottlingltem 10 12,570 Finished Goods 17,060 Work in Process-- Select your answer -TabletingBottlingltem 11 17,060