Question

the mixing departments production - cost report for may shows $113,200 in total costs, of which $3,000 will remain in the department assigned to the units still in process at the end of the month. prepare the journal entry to record the transfer of costs from the mixing department to the packaging department. (record debits first, then credits. exclude explanations from any journal entries.)

Explanation:

Step1: Calculate transferred cost

The total cost is $113,200 and $3,000 remains in - process. So the transferred cost is $113,200 - $3,000=$110,200$.

Step2: Determine journal - entry accounts

When transferring costs from the Mixing Department to the Packaging Department, we debit the Work - in - Process Inventory - Packaging Department and credit the Work - in - Process Inventory - Mixing Department.

Answer:

Date	Accounts	Debit	Credit
	Work - in - Process Inventory - Mixing Department		$110,200