Record journal entries (Learning Objective 1)

Record the following process costing transactions in the general journal:

a. Purchase of raw materials on account, $9,000

b. Requisition of direct materials to Assembly Department, $4,000 Finishing Department, $2,000

c. Incurrence and payment of manufacturing labor, $10,800

d. Incurrence of manufacturing overhead costs:

Property taxes—plant, $1,900 Utilities—plant, $4,500 Insurance—plant, $1,100 Depreciation—plant, $3,400

e. Assignment of conversion costs to the Assembly Department:
Direct labor, $4,700 Manufacturing overhead, $2,900

f. Assignment of conversion costs to the Finishing Department:
Direct labor, $4,400 Manufacturing overhead, $6,200 g. Cost of goods completed and transferred out of the Assembly Department to the Finishing Department, $10,250 h. Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $15,600