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Question - Castillo Company has three departments: Mixing, Bottling, and Packaging. At the end of the month, the production cost reports for the departments show the costs of the products completed and transferred were $75,000 from Mixing to Bottling, $50,000 from Bottling to Packaging, and $65,000 from Packaging to Finished Goods Inventory. Prepare the journal entries for the transfer of the costs.
Prepare the journal entry for the transfer of the costs from Mixing to Bottling.
Prepare the journal entry for the transfer of the costs from Bottling to Packaging.
Prepare the journal entry for the transfer of the costs from Packaging to Finished Goods Inventory.
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