Question
Pinacle Company produced 80,000 machine parts for diesel engines. There were no beginning or ending work-in-process inventories in any department. Pinacle incurred the following costs
Pinacle Company produced 80,000 machine parts for diesel engines. There were no beginning or ending work-in-process inventories in any department. Pinacle incurred the following costs for June:
| Mixing Department | Tableting Department | Bottling Department |
Direct materials | $25,000 | $5,000 | $5,500 |
Direct labor | 10,000 | 7,200 | 10,000 |
Applied overhead | 15,000 | 12,000 | 13,000 |
Required:
1. Calculate the costs transferred out of each department.
2. Prepare the journal entries corresponding to these transfers.
Provide all the working outs, do not just write the final answers. Use the template given to write the journal entries.
Can you please provide me the answer with in 15 minutes please.
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