ournal Entries, Cost of Ending Inventories

a$.$ Materials issued to Assembly, $$24,000$

b$.$ Direct labor cost: Assembly, $500$ hours at $$9\mathrm{.}20$ per hour; Finshing, $400$ hours at $$8$ per hour

c$.$ Overhead applied to production

d$.$ Goods transferred to Finishing, $$32,500$

e$.$ Goods transferred to finished goods warehouse, $$20,500$

f$.$ Actual overhead incurred, $$10,000$

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$.$

${?}_{\text{W}\text{o}\text{r}\text{k}\text{i}\text{n}\text{P}\text{r}\text{o}\text{c}\text{e}\text{s}\text{s}-\text{A}\text{s}\text{s}\text{e}\text{m}\text{b}\text{l}\text{y}}^{\text{M}\text{a}\text{t}\text{e}\text{r}\text{i}\text{a}\text{l}\text{s}\text{I}\text{n}\text{v}\text{e}\text{n}\text{t}\text{o}\text{r}\text{y}}$

b$.$

c$.$

d$.$ Work in Process$-$Finishing Work in Process$-$Assembly

e$.$

Finished Goods

Work in Process$-$Finishina

f$.$

Qverhead Control

Miscellaneous Accounts