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Please help 8 Sur Steel Manufacturing Co. has two production departments: Cutting and Assembly During December, the following transactions occurred. 1. Requisitioned materials for Cutting
Please help 8
Sur Steel Manufacturing Co. has two production departments: Cutting and Assembly During December, the following transactions occurred. 1. Requisitioned materials for Cutting $18,930 and Assembly $7,140. 2. Used factory labor for Cutting $13,320 and Assembly 57,450. 3. Applied overhead at the rate of $20 per machine hour. Machine bours were Cutting 900 and Assembly 300. 4. Transferred goods costing $44,940 from the Cutting Department to the Assembly Department 5. Transferred goods costing $67,490 from Assembly to Finished Goods. 6. Sold goods costing $62,000 for $90,000 on account. Instruction: Journalize the above transactions for the month of December
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