1. Journal Entries, Cost of Ending Inventories

   Baxter Company has two processing departments: Assembly and Finishing. A predetermined overhead rate of $10 per DLH is used to assign overhead to production. The company experienced the following operating activity for April:

   1. Materials issued to Assembly, $25,000
   2. Direct labor cost: Assembly, 500 hours at $9.20 per hour; Finishing, 400 hours at $7 per hour
   3. Overhead applied to production
   4. Goods transferred to Finishing, $33,500
   5. Goods transferred to finished goods warehouse, $20,500
   6. Actual overhead incurred, $10,000

   Required:

   1. Prepare the required journal entries for the preceding transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

   a.	Work in Process-Assembly
   	Materials Inventory
   b.	Work in Process-Assembly
   	Work in Process-Finishing
   	Wages Payable
   c.	Work in Process-Assembly
   	Work in Process-Finishing
   	Overhead Control
   d.	Work in Process-Finishing
   	Work in Process-Assembly
   e.	Finished Goods
   	Work in Process-Finishing
   f.	Overhead Control
   	Miscellaneous Accounts

   2. Assuming Assembly and Finishing have no beginning work-in-process inventories, determine the cost of each department's ending work-in-process inventories.

   	Ending Inventory
   Work in ProcessAssembly	$
   Work in ProcessFinishing	$