In October, Gardner Company had the following cost flows:

Required:
Prepare the journal entries to transfer costs from
(a) Molding to Grinding,
(b) Grinding to Finishing, and
(c) Finishing to FinishedGoods.

Transcribed Image Text:

Molding Department (S) 35,800 3,000 3,200 Grinding Department (S) 5,000 5,800 29,200 Finishi ng Direct materials Direct labor Applied overhead Transferred-in cost: Department (S) 3,600 4,800 4,600 From Molding From Grinding 42,000 82,000 95,000 Total cost 42,000 82,000