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Journal Entries Sharma Company has three process departments: Mixing, Encapsulating, and Botting. At the beginning of the year, there were no work-in-process or finished
Journal Entries Sharma Company has three process departments: Mixing, Encapsulating, and Botting. At the beginning of the year, there were no work-in-process or finished goods inventories. The following data are avaliable for the month of July Department Manufacturing Costs Added Ending Work in Process Mixing Encapsulating Botting $85,520 81,700 74,010 $22,000 18,950 3,910 *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. Required: 1. Prepare journal entries that show the transfer of costs (a) from Mixing to Encapsulating. (5) from Encapsulating to Betting, and (c) from Bottling to finished goods inventory a. Work in Process Incanulating Work in Process Mum c. Finished Good Work in Process-Botting 0 0 0 0 0
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