The Cost of Materials Transferred into the Bottling Department of Mountain

question 186

Essay

The cost of materials transferred into the Bottling Department of Mountain Springs Water Company is $32,400, with $26,000 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 labor.The total costs transferred to finished goods for the period was $31,980.The Bottling Department had a beginning inventory of $1,860.
a.Journalize the cost of transferred-in materials, conversion costs, and the cost transferred out to finished goods.
b.Determine the balance of Work in Process-bottling at the end of the period.

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Definitions:

Economic Transformations

Significant and widespread changes in the structure of an economy, often involving shifts from agricultural to industrial or service-based sectors.

Agricultural Revolution

denotes a period of significant agricultural development and innovation, leading to increased productivity and societal transformation.

Industrial Revolution

A period of significant industrial growth and technological innovation, beginning in the late 18th century, that transformed primarily agrarian societies into industrial ones.

Postindustrial Revolution

The postindustrial revolution describes the shift from manufacturing-based economies to ones primarily focused on services, information, and technology, signaling changes in workforce demands and economic structures.