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Journalize the cost of transferred-in materials

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Reference no: EM132738391

Problem - The Mountain Springs Water Company uses a process cost system.

The cost of materials transferred into the Bottling Department of Mountain Springs Water Company is $28,400, with $22,000 from the Purifying Department, plus additional $6,400 from the materials storeroom.

The conversion cost for the period in the Bottling Department is $8,750 ($3,750 factory applied and $5,000 direct labour.) The total costs transferred to finished goods for the period was $31,980.

Required - Journalize (1) the cost of transferred-in materials (2) conversion costs, and (3) the cost of transferred out to finished goods.

Reference no: EM132738391

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