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During February, the following transactions were recorded at Ferrington Corporation. The company uses process costing. (1) Raw materials that cost $42,400 are withdrawn from the

During February, the following transactions were recorded at Ferrington Corporation. The company uses process costing.

(1)

Raw materials that cost $42,400 are withdrawn from the storeroom for use in the Assembly Department. All of these raw materials are classified as direct materials.

(2) Direct labor costs of $16,100 are incurred, but not yet paid, in the Assembly Department.
(3)

Manufacturing overhead of $30,200 is applied in the Assembly Department using the department's predetermined overhead rate.

(4)

Units with a carrying cost of $76,500 finish processing in the Assembly Department and are transferred to the Painting Department for further processing.

(5)

Units with a carrying cost of $97,200 finish processing in the Painting Department, the final step in the production process, and are transferred to the finished goods warehouse.

(6)

Finished goods with a carrying cost of $92,800 are sold.

Required:
Prepare journal entries for each of the transactions listed above.

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