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 Purchased $60,000 of raw materials for half cash and the rest on (A) account. Units costing $66,000 were completed in the Cooking Department (B) and were transferred to the Finishing Department. Finished goods costing $59,000 were sold on account for $92,000. (C) (Hint: Pay attention to the journal explanation.) Prepare the journal entries to record the preceding transactions for BNC Company. List debit transactions first and then list credit transactions. General Journals Account Titles and No. Debit ($) Credit ($) Explanation (A) [Select) [ Select Cash Select General Journals No. Account Titles and Explanation Debit ($) Credit ($) (A) [Select] Select ] Cash [ Select ] [Select] [ Select] To record purchase of materials (B) [Select] [ Select] [ Select ] [Select) To record transfer of units to the Finishing Department (C) [Select] [ Select ] [ Select] [ Select To record the sale of goods on account [Select) [ Select] [Select) [ Select To record cost of merchandise sold