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Entries for Process Cost System Preston a Grover 50 ap Company manufactures powdered detergent. Phosphate is placed in process in the Making. Department, where it

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Entries for Process Cost System Preston a Grover 50 ap Company manufactures powdered detergent. Phosphate is placed in process in the Making. Department, where it is turned into-granulass. The output of Makini is transfetred to the Packing Department, where packaging is added at the beginning of the process. On huly 1 , Preston a Geover 50 ap Company had the following invertonest Departmental nccounts are maintained for factory ovethead, which both have zero balances on July 1. Manufactiping operations for fuly are summarized as follows: Indirect labor-Packing Department 62,000 d. Depreciation charged on fixed assets: Making Department Packing Department $32,60026,920 e. Expired prepaid factory insurance: Making Department Packing Department $6,180 2,470 f. Applied factory overhead: Making Department Packing Department 9. Production costs transferred from Making Department to Packing Department $515,240 h. Production costs transferred from Packing Department to Finished Goods $810,900 i. Cost of goods sold during the period $813,870 Entries for Process Cost System Preston a Grover 50 ap Company manufactures powdered detergent. Phosphate is placed in process in the Making. Department, where it is turned into-granulass. The output of Makini is transfetred to the Packing Department, where packaging is added at the beginning of the process. On huly 1 , Preston a Geover 50 ap Company had the following invertonest Departmental nccounts are maintained for factory ovethead, which both have zero balances on July 1. Manufactiping operations for fuly are summarized as follows: Indirect labor-Packing Department 62,000 d. Depreciation charged on fixed assets: Making Department Packing Department $32,60026,920 e. Expired prepaid factory insurance: Making Department Packing Department $6,180 2,470 f. Applied factory overhead: Making Department Packing Department 9. Production costs transferred from Making Department to Packing Department $515,240 h. Production costs transferred from Packing Department to Finished Goods $810,900 i. Cost of goods sold during the period $813,870

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