The following information was taken from the ledger of Cleveland Foundry:

The Forming Department had 10,150 partially complete units in beginning work in process inventory. The department started work on 71,050 units during the month and ended the month with 8,200 units still in work in process. These unfinished units were 60% complete as to direct materials but 20% complete as to conversion work. The beginning balance of $46,930 consisted of $21,430 of direct materials and $25,500 of conversion costs.
Requirement
Journalize the transfer of costs to the Finishing Department.

Transcribed Image Text:

Work in Process–Forming $ 46,930 | Transferred to Finishing 196,746 Beginning inventory, October 1 Direct materials Conversion costs Ending inventory $? 161,100