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*Includes only the direct materials, direct labor, and the overhead used to process the partially finished goods received from the prior department. The transferred-in cost
*Includes only the direct materials, direct labor, and the overhead used to process the partially finished goods received from the prior department. The transferred-in cost is not included.
Please explain how you solved for each of the journal entries, along with how you solved for the debits and credits in the T-Accounts, if possible.
Exercise 6.11 Journal Entries Objective 1 2 X Shorts Company has three process departments: Mixing, Encapsulating, and Bottling. At the beginning of the year, there were no work-in-process or finished goods inventories. The following data are available for the month of July: Department Manufacturing Costs Added * Ending Work in Process Mixing Encapsulating Bottling $86,400 79,200 72,000 $21,600 18,000 3,600 Required: 1. Prepare journal entries that show the transfer of costs from one department to the next (including the entry to transfer the costs of the final department). 2. Prepare T-accounts for the entries made in Requirement 1. Use arrows to show the flow of costsStep by Step Solution
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