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alloy manufacturing produces aluminum products in three processing departments--molding,cutting,and packaging. transactions for the month of march are shown below: 1) direct materials totalling $140,000 are

alloy manufacturing produces aluminum products in three processing departments--molding,cutting,and packaging. transactions for the month of march are shown below:

1) direct materials totalling $140,000 are requisitioned and placed inti production: $50,000 for the forming department,$60,000 for the cutting department and $30,000 for the packaging department.

2) direct labor costs (wages payable) are incurred by each department as follows:

forming $35,000 cutting $25,000 packaging $18,000

3) manufacturing overhead costs are applied to each department as follows:

forming $9,000 cutting $7,500 packaging $4,200

4) products with a cost of $45,000 are transferred from the forming department to the cutting department.

5) products with a cost of $62,000 are transferred from the cutting department to the packaging department.

6) products with a cost of $75,000 are completed and transferred from the packaging department to the finished goods warehouse.

7) products with a cost of $33,000 are sold to customers.

required: prepare journal entries to record transactions (1) through (7).

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