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Bonita Company purchases $51,700 of raw materials on account, and it incurs $62,200 of factory labor costs. Supporting records show that (a) the Assembly
Bonita Company purchases $51,700 of raw materials on account, and it incurs $62,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $28,800 of the raw materials and $38,800 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Mar 31 Work in Process-Assembly Work in Process Finishing Raw Materials Inventory Debit Credit
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