Problem 16-1 Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mxino and Packaging. All materials are entered at the beginning of each process. On October 1, 2017, inventories consisted of Raw Materials $27,300, Work in Process Mixing $0, workin Process Packaging $253,000 and Fini hed Goods $295,000. The beginnng riventory for Packagr were started into production in the Mixing Department and the fallowing transactions were completed. 1. Purchased $301,000 of raw matenals on account. 2. Issud raw materials for production: Mixing $213,200 and Packaging $47,300. 3. Incured labor costs of $286,700, 4. Used factory labar: Mixing $187,300 and Packaging $99,400 con ste o 14.900 units th at were 50% complete as to conversion costs and complete as to materials. During October, 52,200 units Incured $1,033,500 of manufacturing overhead on acount. 6. Applied rndnufacturing overhead on the basis of 25 per machne hour. Machine hours were 30,800 in Mixing and 7. Transferred 46,200 units from Mixing to Packaging at a cost of $982,000. 9. Transferred 57,800 units from Packagino to Finished Goods at a cost of $1,316,000 9. Sold goods costing $1,545,000 for $2,502,DDD on account. 9,000 in Packaging Joumalize the October transactons. (Credit account titles are automatically indented when amount is entered, Do not indent manually.) No. Acount Titles and Explanation Debit 2. 3. 6