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would be 15/ Jan) XYZ Co. produces playing cards in two processing departments--Printing and Cutting. After processing is complete in the Printing Department, the playing
would be 15/ Jan)
XYZ Co. produces playing cards in two processing departments--Printing and Cutting. After processing is complete in the Printing Department, the playing cards are transferred to the Cutting Department. The company uses a process costing system. The T-accounts below show the flow of costs through the two departments in April 2019: Work in Process: Printing Balance 4/1 5,000 75,000 Transferred out Direct materials 45,000 Direct labor Overhead Balance 4/1 Transferred in Direct labor Overhead 15,000 30,000 Work in Process: Cutting 20,000 120,000 Transferred out 75,000 15,000 25,000 Prepare journal entries showing the flow of costs through the two processing departments during April. Each department has a separate work in process inventory account and therefore requires a separate journal entry. Use the last day of the month for the the date of all the transactions. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan).
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