Process cost system-journal entries ( 9 pts) Hippo, another subsidiary of Hoppa Co., uses a process cost system. Products are processed successively by Department X and Department Y and are then transferred to the finished goods warehouse. Shown below is cost information for Department Y during the month of May: during May. 262,000 Manufacturing costs added in Department Y: $210,000 Direct labor 45,000 Manufacturing overhead. 67,000 322,000 Total costs charged to Department Y as of May 31 dots $669.000 The cost of work in process in Department Y at May 31 has been determined to be $113,500. In the space provided, prepare a general journal entry to summarize for the month of May each of the following categories of transactions

12. Process cost system-journal entries ( 9 pts) Hippo, another subsidiary of Hoppa Co., uses a process cost system. Products are processed successively by Department X and Department Y and are then transferred to the finished goods warehouse. Shown below is cost information for Department Y during the month of May: The cost of work in process in Department Y at May 31 has been determined to be $113,500. In the space provided, prepare a general journal entry to summarize for the month of May each of the following categories of transactions (you may omit explanations): (a) The transfer of production from Department X to Department Y. (b) The recording of manufacturing costs incurred in Department Y during May. (Use a single journal entry.) (c) The transfer of completed units from Department Y to the finished goods warehouse