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Adam$,$ Inc. uses a perpetual inventory system with process costing. Journalize the following transactions for AdamAdam$,$Inc$.$: $($Record debits$$ first, then credits. Exclude explanations from any journal$$ entries.$)$

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Part $1$

$1.$ Purchased raw materials for $ $85$ comma $000$$$85,000$ on account.

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Debit

Credit

Part $2$

$2.$ The company has two processing$$ departments, Department A and Department B$.$ Direct materials were assigned of $ $44$ comma $000$$$44,000$ to Department A and $ $18$ comma $000$$$18,000$ to Department B$.$ Also, $ $3$ comma $200$$$3,200$ of indirect materials accumulated in production.

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Debit

Credit

Part $3$

$3.$ The company assigned $ $17$ comma $000$$$17,000$ of direct labor in Department A and $ $15$ comma $000$$$15,000$ in Department B$.$ Also, $ $1$ comma $500$$$1,500$ of indirect labor accumulated in production.$$

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Debit

Credit

Part $4$

$4.$ The company incurred $ $7$ comma $200$$$7,200$ in machinery depreciation for equipment.

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Debit

Credit

Part $5$

$5.$ Allocated indirect costs were $ $4$ comma $600$$$4,600$ to Department A and $ $4$ comma $300$$$4,300$ to Department B$.$

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Debit

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Part $6$

$6.$ The company assigned $ $39$ comma $000$$$39,000$ to the $32$ comma $00032,000$ units transferred from Department A to Department B$.$

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Debit

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Part $7$

$7.$ The company assigned $ $59$ comma $000$$$59,000$ to the $30$ comma $00030,000$ units transferred from Department B to Finished Goods.$$

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Debit

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Part $8$

$8.$ The company sold $42$ comma $00042,000$ units with a total cost of $ $57$ comma $000$$$57,000$ on account. The sales price was $ $82$ comma $000$$$82,000.$

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

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Debit

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Part $9$

$$Now$,$ record the cost of goods sold.

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Debit

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Part $10$

$9.$ Overhead was underallocated by $ $1$ comma $700$$$1,700.$

Accounts

Debit

Credit