Blossom Manufacturing Company has two production departments: cutting and assembly. July 1 inventories are Raw Materials...

 

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Blossom Manufacturing Company has two production departments: cutting and assembly. July 1 inventories are Raw Materials $6,150, Work in Process Inventory-Cutting $5,020, Work in Process Inventory-Assembly $12,500, and Finished Goods $35,090. During July, the following transactions occurred: 1. Purchased $65,300 of raw materials on account. 2. Incurred $47,060 of factory labour (credit Wages Payable). 3. Incurred $74,830 of manufacturing overhead; $54,860 was paid and the remainder is unpaid. 4. Requisitioned $14,920 in materials for cutting and $11,620 in materials for assembly. 5. Used factory labour of $26,920 for cutting and $18,910 for assembly. 6. Applied overhead at the rate of $24 per machine hour. Machine hours were 1,680 in cutting and 1.635 in assembly. 7. Completed and transferred goods costing $70,800 from the cutting department to the assembly department. 8. Completed and transferred goods costing $141,400 from assembly to Finished Goods Inventory. 9. Sold goods costing $163.400 for $210,450 on account. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Blossom Manufacturing Company has two production departments: cutting and assembly. July 1 inventories are Raw Materials $6,150, Work in Process Inventory-Cutting $5,020, Work in Process Inventory-Assembly $12,500, and Finished Goods $35,090. During July, the following transactions occurred: 1. Purchased $65,300 of raw materials on account. 2. Incurred $47,060 of factory labour (credit Wages Payable). 3. Incurred $74,830 of manufacturing overhead; $54,860 was paid and the remainder is unpaid. 4. Requisitioned $14,920 in materials for cutting and $11,620 in materials for assembly. 5. Used factory labour of $26,920 for cutting and $18,910 for assembly. 6. Applied overhead at the rate of $24 per machine hour. Machine hours were 1,680 in cutting and 1.635 in assembly. 7. Completed and transferred goods costing $70,800 from the cutting department to the assembly department. 8. Completed and transferred goods costing $141,400 from assembly to Finished Goods Inventory. 9. Sold goods costing $163.400 for $210,450 on account. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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To journalize the transactions I will provide the journal entries for each transaction based on the ... View the full answer