Boaz Company manufactures CH 21 through two processes: Mixing and Packaging. In July, the following costs were incurred.
|
Mixing |
Packaging |
|
|
Raw Materials used |
$10,000 |
$24,000 |
|
Factory Labor costs |
8,000 |
36,000 |
|
Manufacturing Overhead costs |
12,000 |
54,000 |
Units completed at a cost of $21,000 in the Mixing Department are transferred to the Packaging Department. Units completed at a cost of $102,000 in the Packaging Department are transferred to Finished Goods. Journalize the assignment of these costs to the two processes and the transfer of units as appropriate.