BERLANDE DEL ons Slide Show Review View Help AAAEE IS\000- 02 ALZIG - A 2A EEZE Guided Example connect London's Lollies, LLC is located in the heart of London, England. The company makes molded lollipops that are sold in popular embossed tins. The company has two processing departments- Mixing and Setting. In the Mixing Department, the raw ingredients for the lollipops are mixed and then cooked in special vats. In the Setting Department, the melted candy and other ingredients from the Mixing Department are carefully poured into molds and sticks and decorative flourishes are applied by hand. After cooling, the lollipops are packed for sale. The company uses a process costing system. The T-accounts below show the flow of costs through the two departments in June: Work in Process --Mixing Balance 6/1 15,000 Transferred out 245,000 Direct materials 65,000 Direct labor 90,000 Overhead 85,000 Work in Process-Setting Balance 6/1 90,000 Transferred out 140,000 Transferred in 245,000 Direct labor 47,000 Overhead 67,000 Required: Prepare journal entries showing the flow of costs through the two processing departments during June. [LOL] BERLANDE DEL ons Slide Show Review View Help AAAEE IS\000- 02 ALZIG - A 2A EEZE Guided Example connect London's Lollies, LLC is located in the heart of London, England. The company makes molded lollipops that are sold in popular embossed tins. The company has two processing departments- Mixing and Setting. In the Mixing Department, the raw ingredients for the lollipops are mixed and then cooked in special vats. In the Setting Department, the melted candy and other ingredients from the Mixing Department are carefully poured into molds and sticks and decorative flourishes are applied by hand. After cooling, the lollipops are packed for sale. The company uses a process costing system. The T-accounts below show the flow of costs through the two departments in June: Work in Process --Mixing Balance 6/1 15,000 Transferred out 245,000 Direct materials 65,000 Direct labor 90,000 Overhead 85,000 Work in Process-Setting Balance 6/1 90,000 Transferred out 140,000 Transferred in 245,000 Direct labor 47,000 Overhead 67,000 Required: Prepare journal entries showing the flow of costs through the two processing departments during June. [LOL]