Journal entries for the question

Problem 3-1A (Video) Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $27,900, Work in Process-Mixing $0, Work in Process-Packaging $254,500, and Finished Goods $290,100. The beginning inventory for Packaging consisted of 11,900 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 52,000 units were started into production in the Mixing Department and the following transactions were completed. 1. 2. 3. 4. Purchased $305,000 of raw materials on account. Issued raw materials for production: Mixing $212,900 and Packaging $48,500. Incurred labor costs of $284,100. Used factory labor: Mixing $184,300 and Packaging $99,800. Incurred $938,000 of manufacturing overhead on account. Applied manufacturing overhead on the basis of $25 per machine hour. Machine hours were 29,100 in Mixing and 7,400 in Packaging. Transferred 48,300 units from Mixing to Packaging at a cost of $982,300. Transferred 57,000 units from Packaging to Finished Goods at a cost of $1,320,000. Sold goods costing $1,645,000 for $2,502,000 on account. 7. 8. 9