Question
Bonita Company purchases $54,800 of raw materials on account, and it incurs $61,600 of the factory labor costs. Supporting records show that (a) the Assembly
Bonita Company purchases $54,800 of raw materials on account, and it incurs $61,600 of the factory labor costs. Supporting records show that (a) the Assembly Department used $30,000 of raw materials and $43,000 of the factory labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
Mar. 31 | |||
(To record materials used) | |||
31 | |||
(To assign factory labor to production) |
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