As Book Corp produced bookshelves this month, its accoutants were in contact with production managers to keep tabs on costs. The

WIP Inventory$-$Assembly account had a beginning balance as follows: DM costs of $$45,700$ and conversion costs of $$30,000.$ Additional

DM costs were added to this assembly department this month totaling $$100,500,$ along with conversion costs of $$56,840.$ Direct

materials were pulled from RM Inventory, while conversion costs consisted of accrued DL costs of $$42,440$ and applied MOH of

$$14,400.$ During the month, $3000$ physical units were completed.

Book Corp uses the FIFO method of process costing and reported the following equivalent units this month.

Total equivalnet units of work done this peroid

Record the journal entries to recognize $(1)$ the transfer of DM into the assembly department and $(2)$ the use of assembly$-$related conversion costs.

required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$(1)$ WIP Inventory $-$ Assembly

DM Inventory

$(2)$