The Mixing Department's production cost report for May shows $15,500 in total costs, of which $2,300 will remain in the department assigned to the units still in process at the end of the month. Prepare the journal entry to record the transfer of costs from the Mixing Department to the Packaging Department. (Record debits first, then credits. Exclude explanations from any journal entries.) Date May 31 Accounts Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Mixing Department's production cost report for May shows $15,500 in total costs, of which $2,300 will remain in the department assigned to the units still in process at the end of the month.
Prepare the journal entry to record the transfer of costs from the Mixing Department to the Packaging Department. (Record debits first, then credits. Exclude explanations from any journal entries.)
Date
May 31
Accounts
Debit
Credit
Transcribed Image Text:The Mixing Department's production cost report for May shows $15,500 in total costs, of which $2,300 will remain in the department assigned to the units still in process at the end of the month. Prepare the journal entry to record the transfer of costs from the Mixing Department to the Packaging Department. (Record debits first, then credits. Exclude explanations from any journal entries.) Date May 31 Accounts Debit Credit
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