Bingham Company manufactures a special soap. The processing takes place in two departments. Department 1 and Department 2. Record the following transactions in general journal form.

a. Raw materials costing $400,000 are transferred from inventory to Depart¬

ment 1 to be placed in production.

b. Direct labor costs amounting to $100,000 are recorded and charged to Department 1 (Wages Payable).

c. Factory overhead is allocated to Department 1 at the rate of 20 percent of direct labor.

d. Production is completed in Department 1 and transferred to Department 2.

e. Direct labor costs amounting to $40,000 are recorded and charged to Depart¬

ment 2 (Wages Payable).

f. Factory overhead is allocated to Department 2 at the rate of 20 percent of direct labor.

g. Production is completed in Department 2 and the products are transferred to Finished Goods Inventory.