Chart of Accounts Transferred Costs Journal Instructions Gardner Company produces 18-ounce boxes of a wheat cereal in three departments, mixing, cooking, and packaging. During August, Gardner produced 100,000 boxes with the following costs: Mixing Department Direct materials Direct labor Applied overhead S411,700 59,700 75,400 Cooking Packaging Department Department $187 200 $165,100 37.800 90,800 40.750 115,750 Required: 1. Calculate the costs transferred out of each department 2. Prepare journal entries that reflect these cost transfers august Finished Goods 1.184.200.00 Check My Work 1 more Check My Work uses remaining Previous Next Basic Cost Flows Transferred Costs Journal Instructions Chart of Accounts REVENUE 410 Sales ASSETS 110 Cash 120 Accounts Receivable 130 Raw Materials 142 Work in Process-Cooking 143 Work in Process-Mixing 144 Work in Process-Packaging 139/76 EXPENSES 510 Cost of Goods Sold 520 Insurance Expense 530 Wages Expense 540 Supplies Expense 550 Utilities Expense 560 Depreciation Expense 150 Overhead Control 300.00 160 Finished Goods 180 Accumulated Depreciation 550.00 590 Miscellaneous Expense SULUI Chart of Accounts 590 Miscellaneous Expense LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Utilities Payable 240 Lease Payable 250 Other Payables EQUITY 310 Common Stock 320 Retained Earnings Instructions Transferred Costs Shaded cells have feedback 1. Calculate the costs transferred out of each department. H (a) Costs transferred out of the Mixing Department: $546,800.00 I Points: 1/1 (b) Costs transferred out of the Cooking Department: $812,550.00 Points: 1/1 (C) Costs transferred out of the Packaging Department $1,184,200.00 Points Shaded cells have feedback Transferred Costs Journal PAGE 15 GENERAL JOURNAL Score: 39/76 DATE ACCOUNT TITLE POST. REF. CREDIT august WIP inventory cooking 546,800.00 august mixing 546,800.00 august WIP Packaging 812.550.00 august WIP cooking 812.550.00 august Finished Goods 1.184,200.00 august packaging 1.184,200.00 Check My Work 1 more Check My Work uses remaining