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Current Attempt in Progress Ivanhoe Company purchases $54.000 of raw materials on account, and it incurs $64,800 of factory labor costs Supporting records show that

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Current Attempt in Progress Ivanhoe Company purchases $54.000 of raw materials on account, and it incurs $64,800 of factory labor costs Supporting records show that (a) the Assembly Department used $25.920 of direct materials and $37,800 of direct tabor, 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. (List ail debit entries before credit entries. Credit account titles are automatically Indented when amount is entered. Do not indent marically) Account Titles Credit Date Debit Mar 31 e Textbook and Media List of Accounts

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