Quality Granite produces its product in two processing departments: Forming and Finishing. The followi five-step process costing procedure: (Click the icon to view the T-account.) 1. What is the Forming Department's "Total costs to account for for the month of July 2. Assume that after using the five-step process costing procedure, the company determines that the the transfer of costs to the Finishing Department? 3. After the journal entry is made, what will be the new ending balance in the Forming Department's W 1. What is the Forming Department's "Total costs to account for for the month of July? Identify the labels and calculate the total costs to account for. Total costs to account for 2. Assume that after using the five-step process costing procedure, the company determines that the "cost the transfer of costs to the Finishing Department? (Record debits first, then credits. Exclude explanations fro Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question MacBoc (Click the icon to view the T-account.) 1. What is the Forming Department's "Total costs to account for for the month of July 2. Assume that after using the live-step process conting predture, the company determines that the cost to be signed to units completed and the transfer of costs to the Finishing Department? 3. After the journal entry is made, what will be the new ending balance in the Forming Departments Work in Process Inventory account? Total costs to account for formed out is $243.100. What journal entry is reeded to record 2. Assume that after using the five-step process costing procedure, the company determines that the cost to be assigned to units completed and transferred our is $243,100 What journal entry is needed to record the transfer of costs to the Finishing Department? (Record debts first, the credits Exclude explanations from any journal entries.) Journal Entry 3. Ahor the journal entry is made, what will be the new ending balance in the Forming Departments Work in Process Inventory Enter the transaction that affects the Taccount and calculate the new ending balance in the Forming Department's Work in Process Inventory account. Remember to enter the debitor credit side of the T-account Work in Process Inventory Forming Department TE Choose from any list or enter any number in the input fields and then continue to the next quest MacBook Pro 2. What is the Farming Departments T o utor for the month of Assume that were the freep processosting procedure, the company dele to be signed to unha compiled and trawferred out in $243.100 Whal umartey is needed to record the transfer of coal to the Fishing Department? Alter the journal entry is made, what will be the new ending balance in the Forming Department's Work in Process Inventory account? 3. 3. Ahor the journal entry is made, what will be the new ending balance in the Forming Departments Work in Process Invertory sound Enter the transaction that affects the T-account and calculate the new ending balance in the Forming Department's Work in Process Intory debil or credit side of the Taccount. court. Remember to enter the labels and amounts on the correct In Process inventory Forming Department Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro R Quality Granite produces its product in two processing departments: Forming and Finishing. The followi five-step process costing procedure: (Click the icon to view the T-account.) 1. What is the Forming Department's "Total costs to account for for the month of July 2. Assume that after using the five-step process costing procedure, the company determines that the the transfer of costs to the Finishing Department? 3. After the journal entry is made, what will be the new ending balance in the Forming Department's W 1. What is the Forming Department's "Total costs to account for for the month of July? Identify the labels and calculate the total costs to account for. Total costs to account for 2. Assume that after using the five-step process costing procedure, the company determines that the "cost the transfer of costs to the Finishing Department? (Record debits first, then credits. Exclude explanations fro Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question MacBoc (Click the icon to view the T-account.) 1. What is the Forming Department's "Total costs to account for for the month of July 2. Assume that after using the live-step process conting predture, the company determines that the cost to be signed to units completed and the transfer of costs to the Finishing Department? 3. After the journal entry is made, what will be the new ending balance in the Forming Departments Work in Process Inventory account? Total costs to account for formed out is $243.100. What journal entry is reeded to record 2. Assume that after using the five-step process costing procedure, the company determines that the cost to be assigned to units completed and transferred our is $243,100 What journal entry is needed to record the transfer of costs to the Finishing Department? (Record debts first, the credits Exclude explanations from any journal entries.) Journal Entry 3. Ahor the journal entry is made, what will be the new ending balance in the Forming Departments Work in Process Inventory Enter the transaction that affects the Taccount and calculate the new ending balance in the Forming Department's Work in Process Inventory account. Remember to enter the debitor credit side of the T-account Work in Process Inventory Forming Department TE Choose from any list or enter any number in the input fields and then continue to the next quest MacBook Pro 2. What is the Farming Departments T o utor for the month of Assume that were the freep processosting procedure, the company dele to be signed to unha compiled and trawferred out in $243.100 Whal umartey is needed to record the transfer of coal to the Fishing Department? Alter the journal entry is made, what will be the new ending balance in the Forming Department's Work in Process Inventory account? 3. 3. Ahor the journal entry is made, what will be the new ending balance in the Forming Departments Work in Process Invertory sound Enter the transaction that affects the T-account and calculate the new ending balance in the Forming Department's Work in Process Intory debil or credit side of the Taccount. court. Remember to enter the labels and amounts on the correct In Process inventory Forming Department Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro R