1. Gabrus company produces a product in two departments: (1) Cooking and (2) Finishing. The company uses a process cost accounting system.

Accounting transactions

No.	Transactions
(A)	Purchased $60,000 of raw materials for half cash and the rest on account.
(B)	Units costing $66,000 were completed in the Cooking Department and were transferred to the finishing department.
(C)	Finished goods costing $59,000 were sold on account for $92,000. (hint: pay attention to the journal explanation.0

Prepare the journal entries to record the preceding transactions for BNC Company.

List debit transactions first and then list credit transactions

General Journals

No.	Account titles and explanation	Debit ($)	Credit ($)
(A)
	Cash		$60,000
	To record purchase of materials
(B)
	To record transfer of units to the finishing department
( C)
	To record the sale of goods on account
	To record cost of merchandise sold