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transactions

a. Record the purchase of raw materials on account, $11,500. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit b. Record the requisition of direct materials to the Assembly Department, $8,500. Journal Entry Accounts Debit Credit b. Now record the requisition of direct materials to the Finishing Department, $6,500 Journal Entry Accounts Dobit Credit b. c. Record the Incurrence and payment of manufacturing labour, 812,500. Assume the wages have been paid to the workers. Journal Entry Accounts Debit Credit d. Record the incurrence of manufacturing overhead costs that are assigned to the plant property taxes, $2,900; utilities, $4.900; insurance, $2,000; depreciation, 55,200. Journal Entry Accounts Debit Credit .. Record the assignment of conversion costs to the Assembly Department direct labour of $5,000 and manufacturing overhead of $3,300 Journal Entry Accounts Debit Credit 1. Record the assignment of conversion costs to the Finishing Department direct labour of $4,800 and manufacturing overhead of $7,400. Journal Entry Accounts Dobit Credit g. Record the cost of goods completed and transferred out of the Assembly Department to the Finishing Department. $11,500. Journal Entry Accounts Debit Credit 9. h. Now record the cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory. $16,250. Journal Entry Accounts Debit Credit h. a. Purchase of raw materials on account, $11,500 b. Requisition of direct materials to Assembly Department, $8,500 Finishing Department, $6,500 6. Incurrence and payment of manufacturing labour, $12,500 d. Incurrence of manufacturing overhead costs: Property taxes plant, $2,900 Utilities-plant, $4,900 Insurance-plant, $2,000 Depreciation-plant, $5,200 e. Assignment of conversion costs to the Assembly Department: Direct labour, $5,900 Manufacturing overhead, $3,300 1. Assignment of conversion costs to the Finishing Department: Direct labour. $4,800 Manufacturing overhead, $7,400 g. Cost of goods completed and transferred out of the Assembly Department to the Finishing Department, $11.500 h. Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $16,250