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Leandro Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following costs are given for April: Cutting Assembly Finishing direct
Leandro Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following costs are given for April:
Cutting | Assembly | Finishing | |
direct materials | $7,000 | $10,000 | $3,000 |
direct labor | 3,000 | 14,000 | 2,000 |
applied overhead | 4,000 | 5,000 | 6,000 |
There were no work in process inventories and 1,000 podiums were produced. The journal entry to assign costs to the Assembly process would be
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