The cost of materials transferred into the Filling Department of Ivy Cosmetics Company is $17,300, including $4,800 from the Blending Department and $12,500 from the materials storeroom. The conversion cost for the period in the Filling Department is $7,240 ($1,340 factory overhead applied and $5,900 direct labor). The total cost transferred to Finished Goods for the period was $23,480. The Filling Department had a beginning inventory of $2,400.

Required:

a.1.On June 30, journalize the cost of transferred-in materials.*2.On June 30, journalize the conversion costs.*3.On June 30, journalize the costs transferred out to Finished Goods.* *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.b.Determine the balance of Work in Process-Filling at the end of the period.CHART OF ACCOUNTSIvy Cosmetics CompanyGeneral Ledger ASSETS110Cash121Accounts Receivable125Notes Receivable126Interest Receivable131Materials141Work in Process-Blending142Work in Process-Filling151Factory Overhead-Blending152Factory Overhead-Filling161Finished Goods171Supplies172Prepaid Insurance173Prepaid Expenses181Land191Factory192Accumulated Depreciation-Factory LIABILITIES210Accounts Payable221Utilities Payable231Notes Payable236Interest Payable251Wages Payable EQUITY311Common Stock340Retained Earnings351Dividends REVENUE410Sales610Interest Revenue EXPENSES510Cost of Goods Sold520Wages Expense531Selling Expense532Insurance Expense533Utilities Expense534Supplies Expense540Administrative Expense561Depreciation Expense-Factory590Miscellaneous Expense710Interest Expense

a1. On June 30, journalize the cost of transferred-in materials. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

b. Determine the balance of Work in Process-Filling at the end of the period.