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i just need part 2 QUESTION 2 10 points 1. Chang Co. manufactures its products in a continuous process involving two departments, Machining and Assembly
i just need part 2
QUESTION 2 10 points 1. Chang Co. manufactures its products in a continuous process involving two departments, Machining and Assembly Present entries to record the following selected transactions related to production during June: a. Materials purchased on account, $225,000 b. Materials requisitioned by: Machining $73,000 direct and $9,000 Indirect materials: Assembly, $4,900 indirect materials. c. Direct Labor used by Machining. $23,000, Assembly, $47.000 d. Depreciation expenses: Machining $2,000; Assembly, 58,000 e. Factory overhead applied: Machining, $9,700; Assembly, $11,300. f. Machining Department transferred $98,300 to Assembly Department Assembly Department transferred $83,400 to Finished Goods g. Cost of Goods Sold, 572,000. 2. This is the first month of operation. Give ending account balances for Materials, WIP Machining. WIP Assembly, Finished Goods Step by Step Solution
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