Wild horse Company purchases $61,000 of raw materials on account, and it incurs $73,200 of factory labor costs. Supporting records show that (a) the assembly department used $29,280 of direct materials and $42,700 of direct labor, and (b) the finishing departed used the remainder. Journalize the assignment of the costs to the processing departments on March 31.

Wildhorse Company purchases $61,000 of raw materials on account, and it incurs $73,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $29,280 of direct materials and $42,700 of direct labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Work in Process - Machining 61,000 Work in Process - Assembly 29,280 Raw Materials Inventory 90,280 (To record materials used) 31 Work in Process - Finishing 42,700 Work in Process - Assembly 73,200 Factory Labor 115,900 (To assign factory labor to production)