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Please help with homework attached Need by tonight if possible Brief Exercise 21-1 Warner Company purchases $52,600 of raw materials on account, and it incurs
Please help with homework attached
Need by tonight if possible
Brief Exercise 21-1 Warner Company purchases $52,600 of raw materials on account, and it incurs $63,600 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record raw materials purchased) 31 (To record factory labor costs) Brief Exercise 21-2 Warner Company purchases $54,900 of raw materials on account, and it incurs $63,300 of factory labor costs. Supporting records show that (a) the Assembly Department used $30,600 of raw materials and $40,100 of the factory labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 31 (To record materials used) 31 Debit Credit (To assign factory labor to production) Brief Exercise 21-3 Warner Company purchases $51,700 of raw materials on account, and it incurs $62,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $28,800 of raw materials and $38,800 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Mar.31 Account Titles Debit CreditStep by Step Solution
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