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Milton Manufacturing uses a process costing system. Products are processed successively by Department month of May: $ 85,000 262,000 Cost of work in process at
Milton Manufacturing uses a process costing system. Products are processed successively by Department month of May: $ 85,000 262,000 Cost of work in process at May 1.. Cost of units transferred in from Department X during May............ Manufacturing costs added in Department Y Direct matenals used..... Direct labor....... Manufacturing overhead Total costs charged to Department Y as of May 31 ..... $210,000 45,000 67,000 322,000 $069,000 The cost of work in process in Department Y at May 31 has been determined to be $113,500. Process costing system-journal entries Recreate the following table and prepare a general journal entry summarizing each of the following transaction ca The transfer of production from Department * to Department Y. (b.) The recording of manufacturing costs incurrec warehouse Debit Credit Please submit your assignment. For assistance with your assignment, please use your text. Web resources, and all course materials. Process costing serves two related purposes. First, it measures the cost of goods manufactured on both management with information about the per-unit cost of performing each step in the production proce Milton Manufacturing uses a process costing system. Products are processed successively by Departme month of May: $ 85,000 262,000 Cost of work in process at May 1....... Cost of units transferred in from Department X during May....... Manufacturing costs added in Department Y Direct matenals used......... Direct labor..................... Manufacturing overhead ....... Total costs charged to Department Y as of May 31 $210,000 45,000 67,000 322,000 $669.000 The cost of work in process in Department Y at May 31 has been determined to be $113,500. Process costing system-journal entries Recreate the following table and prepare a general journal entry summarizing each of the following transac The transfer of production from Department * to Department Y. (6.) The recording of manufacturing costs ir warehouse. Debit Credit Please submit your assignment. For assistance with your assignment, please use your text. Web resources, and all course materials
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