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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred.
Â
Â
Â
Â
Â
| Â |
Mixing   |
Packaging   |
|
Raw materials used   |
$10,000 Â Â |
$28,000 Â Â |
|
Factory labor costs   |
8,000 Â Â |
36,000 Â Â |
|
Manufacturing overhead costs   |
12,000 Â Â |
54,000 Â Â |
Units 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.
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