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Blossom Company has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process- Fabricating, $7,460; Work in Process-Finishing, $5,040; and Finished Goods
Blossom Company has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process- Fabricating, $7,460; Work in Process-Finishing, $5,040; and Finished Goods Inventory, $6,900. During the month the following transactions occurred 1 Purchased $49,600 of raw materials 2 Incurred $93,000 of factory labor. 3: Incurred $62,000 of manufacturing overhead. 4. Requisitioned materials for Fabricating, $12,400 and Finishing, $9,920. 5. Assigned factory labor for Finishing, $74,400 and Fabricating. $18,600. a Assigned $55,800 of overhead based on machine hours used in each department. The Finishing Department used twice as many machine hours as did Fabricating Record the transactions for the month using the following format. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45)) Beginning balances 1 Purchased raw materials Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overt $
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