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C. $26.68 D. $70660 Use the following information for the next 6 questions. A company has two work-in-process departments involved in the manufacturing process. Goods
C. $26.68 D. $70660 Use the following information for the next 6 questions. A company has two work-in-process departments involved in the manufacturing process. Goods flow from Department 1 to Department 2 before becoming finished goods. 5. Departments 1 and 2 obtained $29,500 and $4,100 of raw materials respectively. Which of the following 6. Departmeats 1 and 2 encountered direct labor of $19,200 and $,000 respectively. Which of the following is the correct joumal entry? 7. Departments 1 and 2 encountered indirect costs of $24,100 and $37,700 respectively. Which of the following is the correct joumal entry? A. Dr. Inventory Cr. COGS $61,800 $61,800 8. Department 1 transferred $68,600 of partially completed goods to Department 2 for further processing. Which of the following is the correct journal entry? 9. $109,000 of finished goods was transferred to the Finished Goods department. Which of the following is the correct joumal entry? 10. Finished Goods worth $105,000 were sold. Which of the following is the correct journal entry? C. $26.68 D. $70660 Use the following information for the next 6 questions. A company has two work-in-process departments involved in the manufacturing process. Goods flow from Department 1 to Department 2 before becoming finished goods. 5. Departments 1 and 2 obtained $29,500 and $4,100 of raw materials respectively. Which of the following 6. Departmeats 1 and 2 encountered direct labor of $19,200 and $,000 respectively. Which of the following is the correct joumal entry? 7. Departments 1 and 2 encountered indirect costs of $24,100 and $37,700 respectively. Which of the following is the correct joumal entry? A. Dr. Inventory Cr. COGS $61,800 $61,800 8. Department 1 transferred $68,600 of partially completed goods to Department 2 for further processing. Which of the following is the correct journal entry? 9. $109,000 of finished goods was transferred to the Finished Goods department. Which of the following is the correct joumal entry? 10. Finished Goods worth $105,000 were sold. Which of the following is the correct journal entry
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