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Record the following process costing transactions in the general journal: A (Click the icon to view the transactions.) e. Record the assignment of conversion costs
Record the following process costing transactions in the general journal: A (Click the icon to view the transactions.) e. Record the assignment of conversion costs to the Assembly Department direct labour of $5,900 and manufacturing overhead of $3,300. Transactions Journal Entry Accounts Debit Credit e. a. Purchase of raw materials on account, $10,500 f. Record the assignment of conversion costs to the Finishing Department: direct labour of $6,200 and manufacturing overhead of $7,800. Journal Entry Accounts Debit Credit b. Requisition of direct materials to Assembly Department, $7,500 Finishing Department, $2,000 c. Incurrence and payment of manufacturing labour, $12,500 d. Incurrence of manufacturing overhead costs: Property taxes-plant, $2,900 Utilitiesplant, $5,700 Insurance-plant, $1,600 Depreciation-plant, $4,600 e. Assignment of conversion costs to the Assembly Department: Direct labour, $5,900 Manufacturing overhead, $3,300 f. Assignment of conversion costs to the Finishing Department: Direct labour, $6,200 Manufacturing overhead, $7,800 g. Cost of goods completed and transferred out of the Assembly Department to the Finishing Department, $12,000 h. Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $17.250 f. g. Record the cost of goods completed and transferred out of the Assembly Department to the Finishing Department, $12,000. Journal Entry Accounts Debit Credit g. Print Done h. Now record the cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $17.250. Journal Entry Accounts Debit Credit h. from an liota Fido+botton h. Now record the cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $17.250. Journal Entry Accounts Debit Credit h. from an liota Fido+botton
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