Give the general journal entries on September 30 to record

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Give the general journal entries on September 30 to record the following:1. Transfer of product
from the Fab department to the finishing department2. Transfer of finished goods from the
finishing department to finished goods inventoryAt Knox Corporation, production is started in the
Fab department. The work is then transferred to the finishing department where goods are
completed and then transferred to the finished goods storeroom. Data about the company's
costs during September 2016 follows:Material costs placed into productionFab
department..............................$75,700.00Finishing department...........................7,000.00Direct
labor costsFab department.............................112,000.00Finishing
department........................18,000.00Taxes withheld from employees' earningsSocial security
tax withheld................8,060.00Medicare tax withheld......................1,885.00Federal income tax
withheld..............19,500.00Overhead costsFab department............................44,800.00Finishing
department.......................7,200.00During the month, products costing $198,000 were
transferred from the fab department to the finishing department; goods costing $225,000 were
transferred from the finishing department to finished goods inventory; and goods that cost
$180,000 were sold on account for $234,000.View Solution:
Give the general journal entries on September 30 to record

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