Current Attempt in Progress Fire Out Company manufacturss its product, Vitadrink, through two manufacturing processes:...

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Accounting

Current Attempt in Progress
Fire Out Company manufacturss its product, Vitadrink, through two manufacturing processes: Moxing and Packaginz, All materials are
entsred at the beginning of each process. On October 1,2020, imentories consisted of Raw Matarials $26,000, Work in Process-
Mixing $0, Work in Process-Packaging $254,500, and Finished Goods $294,900. The bezinning invantary for Packazing consisted
of 12,700 units that ware 5096 complete as to convarsion costs and fully complete as to materials. During October, 53,100 units ware
started into production in the Mixing Department and the following transactions ware completed.
Purchased $301,000 of rav materials on account.
Issuad raw materials for production: Mixing $212,600 and Packaging $48,800.
Incurred labor coats of $282,600.
Used factory labor: Mixing $184,900 and Paclaging $97,700.
Incurred $940,400 of manufacturing overhead on account.
Applied manufacturing overhead on the basis of $24 per machine hour. Machine hours ware 30,400 in Mixing and 7,700 in
Packaging.
Transfarred 49,900 units from Mixing to Packaging at a coat of $993,100.
Transfarred 56,900 units from Packaging to Finished Goods at a coct of $1,318,000.
Sold zoods coating $1,644,000 for $2,501,000 on account.
Journalize the Octaber transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(To record the sale;
(To recard the cost of goods sold)
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