Aaron$,$ Inc. uses a perpetual inventory system with process costing. Journalize the following transactions for Aaron$,$Inc$.$: $($Record debits$$ first, then credits. Exclude explanations from any journal$$ entries.$)$Purchased raw materials for $$66,000$ on account.

The company has two processing departments, Department A and Department B$.$ Direct materials were assigned of $$58,000$ to Department A and $$38,000$ to Department B$.$ Also, $$500$ of indirect

materials accumulated in production.

The company assigned $$16,000$ of direct labor in Department A and $$13,000$ in Department B$.$ Also, $$3,200$ of indirect labor accumulated in production.

The company incurred $$7,800$ in machinery depreciation for equipment.

Allocated indirect costs were $$5,000$ to Department A and $$4,300$ to Department $B.$

Now, record the cost of goods sold.

Overhead was underallocated by $$900.$

The company assigned $$36,000$ to the $31,000$ units transferred from Department A to Department B$.$

The company sold $24,000$ units with a total cost of $$42,000$ on account. The sales price was $$67,000.$

Begin by recording the sales. The cost of goods sold will be recoded in the next journal entry.

The company assigned $$64,000$ to the $29,000$ units transferred from Department B to Finished Goods.

The company sold $24,000$ units with a total cost of $$42,000$ on account. The sales price was $$67,000.$

Now, record the cost of goods sold.