Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred.
Mixing |
Packaging |
|
Raw materials used |
$10,000 |
$28,000 |
Factory labor costs |
8,000 |
36,000 |
Manufacturing overhead costs |
12,000 |
54,000 |
nits completed at a cost of $21,000 in the Mixing Department are transferred to the Packaging Department. Units completed at a cost of $106,000 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.