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pls I need the answer to be done on an excel sheet and I want it to be well detailed..thanks Question 4 (20 marks) ABC

pls I need the answer to be done on an excel sheet and I want it to be well detailed..thanks

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Question 4 (20 marks) ABC Manufacturing produces a product in two departments: production and assembly. The company uses a process cost accounting system. Prepare the journal entries to record the following transactions: Descriptions not needed. A $125,000 Purchased Raw Materials on Account B $80,000 Raw Materials Requisitioned for Production Dept $15,000 Raw Materials Requisitioned for Assembly Dept C $175,000 Direct Labour Costs Incurred D $50,000 Factory Labour Used by Production Dept $25,000 Factory Labour Used by Assembly Dept E Manufacturing Overhead is based on machine hours in each dept. 140 hrs $26.00 /Machine hr Production Dept 600 hrs $19.00 /Machine hr Assembly Dept F $100,000 Completed Production Dept sent to Assembly Dept. G $80,000 Completed Assembly Dept transferred to Finished Goods. H $70,000 Finished Goods sold on account. $110,000 Value of the sale

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