Gladden Dock Company manufactures boat docks on an assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Finishing Department. This problem focuses on the Assembly Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. The firm uses FIFO method and the controller prepared the following (correct) equivalent unit calculation.

Units completed	Physical Units	Direct Materials	Conversion
WIP, beginning	70	0	52.5
Started and completed	30	30	30
WIP, ending	10	10	5
Totals	110	40	87.5
Cost per Equiv Unit		$4,000	$16,000

Work in process, beginning inventory: Current Costs: Direct materials $140,000 Direct materials $ 160,000 Conversion costs $260,000 Conversion costs $1,400,000 Which of the following journal entries properly records the Assembly Department costs transferred to the Finishing Department?