TB Problem Qu. 4-108 (Algo) During August, the following transactions were... During August, the following transactions were recorded at Goyer Corporation. The company uses process costing. 1. Raw materials that cost $34,000 are withdrawn from the storeroom for use in the Assembly Department. All of these raw materials are classified as direct materials. 2. Direct labor costs of $48,000 are incurred, but not yet paid, in the Assembly Department. 3. Manufacturing overhead of $60,800 is applied in the Assembly Department using the department's predetermined overhead rate. 4. Units with a carrying cost of $106,900 finish processing in the Assembly Department and are transferred to the Painting Department for further processing. 5. Units with a carrying cost of $113,700 finish processing in the Painting Department, the final step in the production process, and are transferred to the finished goods warehouse. 6. Finished goods with a carrying cost of $102,700 are sold. Required: Prepare journal entries for each of the transactions listed above. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

TB Problem Qu. 4-108 (Algo) During August, the following transactions were... During August, the following transactions were recorded at Goyer Corporation. The company uses process costing. 1. Raw materials that cost $34,000 are withdrawn from the storecoom for use in the Assembly Department. All of these raw materials are classified as direct materials 2. Direct labor costs of $48,000 are incurred, but not yet paid, in the Assembly Department 3 Manufacturing overhead of $60,800 is applied in the Assembly Department using the department's predetermined overhead rate 4. Units with a carrying cost of $106,900 finish processing in the Assembly Department and are transferred to the Painting Department for further processing. 5. Units with a carrying cost of $113,700 tinish processing in the Painting Department, the final step in the production process, and are transferred to the finshed goods warehouse. 6. Finished goods with a carrying cost of $102700 are sold Required: Prepare journal entries for each of the transactions listed above. Note: If no entry is required for o transoction/event, select "No journal entry required" in the first account field