Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly. In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a weighted-average process cost system to collect costs in both departments. What account would Kota debit to record the transfer of dolls out of the Molding Department?

Molding Department Work In Process Account (debit)

Assembly Department Process Account (credit)

Explanation:

When the molds are then transferred to the Assembly Department the Journal entry entry will be :

Molding Department Work In Process Account (debit)

Assembly Department Process Account (credit)

This recognises accumulation of manufacturing cost in Molding Department and de-recognises the Inventory in Molding Department Work In Process Account.

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