Data for Sargunaraj Manufacturing are given in BE4-1. Supporting records show that
(a) The assembly department used $64,000 of raw materials and $45,000 of the factory labour,
(b) The finishing department used the remainder.
Journalize the assignment of the costs to the processing departments on March 31
In BE4-1
Sargunaraj Manufacturing purchases $75,000 of raw materials on account, and it incurs $80,000 of factory labour costs. Journalize the two transactions on March 31 assuming the labour costs are not paid until April.