Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During March, the company purchased $ 3 0 6 , 8 0 0 of raw materials on account from Carla Vista Company and $ 1

During March, the company purchased $306,800 of raw materials on account from Carla Vista Company and $108,560 of raw materials for cash from Sandhill Company. In addition, $59,000 was paid on the Carla Vista account balance. (Assume all raw materials used were direct materials.) Compute the cost of direct materials used during March.Carla Vista Company purchases $59,000 of raw materials on account, and it incurs $70,800 of factory labor costs. Supporting records
show that (a) the Assembly Department used $28,320 of direct materials and $41,300 of direct labor, and (b) the Finishing
Department used the remainder.
Journalize the assignment of the costs to the processing departments on March 31.(List all debit entries before credit entries. Credit
account titles are automatically indented when amount is entered. Do not indent manually.)Carla Vista Company purchases $59,000 of raw materials on account, and it incurs $70,800 of factory labor costs. Supporting records
show that (a) the Assembly Department used $28,320 of direct materials and $41,300 of direct labor, and (b) the Finishing
Department used the remainder.
Journalize the assignment of the costs to the processing departments on March 31.(List all debit entries before credit entries. Credit
account titles are automatically indented when amount is entered. Do not indent manually.)
Mar. 31
Work in Process - Assembly
Raw Materials Inventory
(To record materials used)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions