11. ColomboColombo Company has three departments: Mixing, Bottling, and Packaging. At the end of the month, the production cost reports for the departments show the
11.
ColomboColombo
Company has three departments: Mixing, Bottling, and Packaging. At the end of the month, the production cost reports for the departments show the costs of the products completed and transferred were
$ 71 comma 000$71,000
from Mixing to Bottling,
$ 47 comma 000$47,000
from Bottling to Packaging, and
$ 60 comma 000$60,000
from Packaging to Finished Goods Inventory. Prepare the journal entries for the transfer of the costs. (Record debits first, then credits. Exclude explanations from any journal entries.)
Prepare the journal entry for the transfer of the costs from Mixing to Bottling.
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Prepare the journal entry for the transfer of the costs from Bottling to Packaging.
Date | Accounts | Debit | Credit | |
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Prepare the journal entry for the transfer of the costs from Packaging to Finished Goods Inventory.
Date | Accounts | Debit | Credit | |
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