Solution-Record the transfer costs from the cutting

Record the transfer costs from the cutting department

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Reference no: EM132451546

Problem - Sorin Corp. uses process costing for its two production departments: Cutting and Painting. The company's manufacturing information for the month of August is provided below:

	Cutting	Painting
Beginning work in process	$1,000	$1,200
Costs transferred in	?	?
Costs incurred in Aug	$3,500	$5,000
Ending work in process	$2,000	$2,500

Required -

a) Record the transfer costs from the cutting department to the painting department in Aug.

b) Record the transfer costs from the painting department to the finished goods inventory account in Aug.

Reference no: EM132451546

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Record the transfer costs from the cutting department

Reference no: EM132451546

Reference no: EM132451546

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