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Please answer all parts and I will like. Thank you! Record the following process costing transactions in the general journal: Click the icon to view
Please answer all parts and I will like. Thank you!
Record the following process costing transactions in the general journal: Click the icon to view the transactions.) a. Record the purchase of raw materials on account, 89,000. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit a. More Info a. b. c. d. Purchase of raw materials on account, $9,000 Requisition of direct materials to Assembly Department, $4,400 Finishing Department, $2,400 Incurrence and payment of direct labor, $10,900 (these costs should be debited to WIP Inventory-Assembly) Incurrence of manufacturing overhead costs (unpaid): Property taxes-plant, $1,600 Utilities-plant, $4,800 Insurance-plant, $1,400 Depreciation-plant, $3,400 Assignment of conversion costs to the Assembly Department: Direct labor, $5,400 Manufacturing overhead, $2,800 e. More Info u. e. mCurTENCE Ur Tanulatiumy uvereau Costs Turparu. Property taxes-plant, $1,600 Utilities-plant, $4,800 Insurance-plant, $1,400 Depreciationplant, $3,400 Assignment of conversion costs to the Assembly Department: Direct labor, $5,400 Manufacturing overhead, $2,800 Assignment of conversion costs to the Finishing Department: Direct labor, $4,500 Manufacturing overhead, $6,300 Cost of goods completed and transferred out of the Assembly Department to the Finishing Department, $10,150 Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $15,400 f. g. h Step by Step Solution
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