8/9/2019 Process Costing Is

1/2

8/9/2019 Process Costing Is

2/2

:ork in Process;pigment dispersing 8/3,999

+anufacturing "verheads 8/3,999

2. 1ctual manufacturing overheads are 8/2,/39.

+anufacturing "verheads 8/2,/39

Payables$ash 8/2,/39

3. Total cost of pigment dispersing department which comes to be 80>,/39 (89,999 ? 8,/39 ?

8/3,999#, is transferred to let down department.

:ork in Process;let down 80>,/39

:!P;pigment dispersing 80>,/39

>. Total cost of pigment dispersing department are debited to work in process account for letdown

department using scheme of journal entries given from -2 and the accumulated cost is then

transferred to testing department and so on till the finished goods are transferred out from canning

department to finished goods account.