Instructions In December, Davis Company had the following cost flows: Direct materials Direct labor Applied overhead Transferred-in cost: From Molding From Grinding Total cost Molding Department Grinding Department Finishing Department $112,500 8,800 8,300 $129,600 $30,900 14,400 60,400 129,600 $235,300 $17,900 11,600 11,100 235,300 $275,900* Required: 1. Prepare the journal entries to transfer costs from (a) Molding to Grinding, (b) Grinding to Finishing, and (c) Finishing to Finished Goods. 2. CONCEPTUAL CONNECTION: Explain how the journal entries differ from a job-order cost system.

In December, Davis Company had the following cost flows: Required: 1. Prepare the journal entries to transfer costs from (a) Molding to Grinding, (b) Grinding to Finishing, and (c) Finishing to Finished Goods. 2. CONCEPTUAL CONNECTION: Explain how the journal entries differ from a job-order cost system