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Need these answeredJournal Entries, Cost of Ending Inventories a . Materials issued to Assembly, $ 2 4 , 0 0 0 b . Direct labor
Need these answeredJournal Entries, Cost of Ending Inventories
a Materials issued to Assembly, $
b Direct labor cost: Assembly, hours at $ per hour; Finishing, hours at $ per hour
c Overhead applied to production
d Goods transferred to Finishing, $
e Goods transferred to finished goods warehouse, $
f Actual overhead incurred, $
Required:
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
Materials Inventory
b
Work in ProcessAssembly
Work in ProcessFinishing
Wages Payable
c
Work in ProcessAssembly
Work in ProcessFinishing
Overhead Control
d
Work in ProcessFinishing
Work in ProcessFinishing
e
Finished Goods
Work in ProcessFinishing
f
Overhead Control
Cost of Goods Sold
Assuming Assembly and Finishing have no beginning workinprocess inventories, determine the cost of each department's ending workinprocess inventories.
Ending Inventory
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