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General journal entries for the below process costing please Purchase of raw materials on account, $9,400 Requisition of direct materials to Assembly Department, $4,400 Finishing
General journal entries for the below process costing please
Purchase of raw materials on account, $9,400 Requisition of direct materials to Assembly Department, $4,400 Finishing Department, $2,700 lncurrence and payment of direct labor, $10,800. (Assume all direct labor is for the Assembly Department.) Incurrence of manufacturing ovemead costs: Property taxesplant, $1,500 Utilitiesplant. $4,600 insuranceplant, $1,300 Depreciationplant, $3,000 Assignment of conversion costs to the Assembly Department: Direct labor, $4,700 Manufacturing overhead, $2,100 Assignment of conversion costs to the Finishing Department: Direct labor, $4,500 Manufacturing ovemead, $6,100 COS! Of QOOCIS completed and transferred out Of the Assembly Department to the Finishing Department, $10,450 Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $15,700Step by Step Solution
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