Sharma Company Has Three Process Departments Mixing Encapsulating And Bottling At The Beginning Of The Year There W 1 (84.23 KiB) Viewed 57 times
Sharma Company has three process departments: Mixing, Encapsulating, and Bottling. At the beginning of the year, there were no work-in-process or finished goods inventories. The following data are available for the month of July: Department Mixing Required: Manufacturing Costs Added* a. $86,500 75,930 Encapsulating Bottling *Includes only the direct materials, direct labor, and the overhead used to process the partially finished goods received from the prior department. The transferred-in cost is not included. b. Ending Work in Process 70,950 $22,760 18,890 1. Prepare journal entries that show the transfer of costs (a) from Mixing to Encapsulating, (b) from Encapsulating to Bottling, and (c) from Bottling to finished goods inventory. 4,040 86,500 2. Post the entries made in Requirement 1 into the T-accounts below. The costs added from the data provided have been entered in the T-accounts. WIP-Mixing
2. Post the entries made in Requirement 1 into the T-accounts below. The costs added from the data provided have been entered in the T-accounts. WIP-Mixing 86,500 22,760 WIP-Encapsulating 75,930 18,890 WIP-Bottling 70,950 4,040 Finished Goods
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