1 2 3 Fire Out Company manufactures its product, Vitadrink through two manufacturing processes: Moding and Packaging All materials are entered at the beginning of each process. On October 1, 2017, inventories consisted of Raw Materials $26,700. Work in Process -Mosong So Work in Process-Packaging $251.500, and Finished Goods 5294.500. The beginning inventory for Packaging consisted of 12,100 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 53,900 units were started into production in the Mbing Department and the following transactions were completed Purchased 302,600 of raw materials on account Issued raw materials for production: Mixing $212.700 and Packaging $48.600 Incurred labor costs of $284,500 Used factory labor: Mioxine 5184 900 and Packaging 599,600 Incurred 51,058,000 of manufacturing overhead on account 6 Applied manufacturing overhead on the basis of $25 per machine hour Machine hours were 32000 in Mioding and 8.900 in Padagine Transferred 46,600 units from Moding to Packaging at a cost of 5980.600. Transferred 56,900 units from Packaging to Finished Goods at a cost of 3231 dobo. Sold goods costing $1,641.000 for $2.503.000 on account. 4 5. 7 8 9. No. Account Titles and Explanation Debit Credit 1. 2. 3. E 5 6 7. 8. 9 (To record the sale) To record the cost of goods sold