Carla Vista Company has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process-...

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Carla Vista Company has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process- Fabricating, $7,100; Work in Process-Finishing, $4,800; and Finished Goods Inventory, $6,570. During the month the following transactions occurred: 1. 2. 3. 4. 5. 6. Purchased $47,200 of raw materials. Incurred $88,500 of factory labor. Incurred $59,000 of manufacturing overhead. Requisitioned materials for Fabricating. $11,800 and Finishing. $9,440. Assigned factory labor for Finishing, $70,800 and Fabricating, $17,700. Assigned $53,100 of overhead based on machine hours used in each department. The Finishing Department used twice as many machine hours as did Fabricating. Record the transactions for the month using the following format. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Beginning balances Purchased raw materials Incurred factory labor Manufacturing overhead incurred Direct materials used Factory labor assigned Manufacturing overhead applied Raw Materials Inventory 10000 SA Manufacturing Costs Factory Labor Manufacturing Overhead Fabricating Work in Process $7,100 [I] Finishing $4,800 Finished Goods Inventory $6,570 I Cost of Goods Sold Carla Vista Company has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process- Fabricating, $7,100; Work in Process-Finishing, $4,800; and Finished Goods Inventory, $6,570. During the month the following transactions occurred: 1. 2. 3. 4. 5. 6. Purchased $47,200 of raw materials. Incurred $88,500 of factory labor. Incurred $59,000 of manufacturing overhead. Requisitioned materials for Fabricating. $11,800 and Finishing. $9,440. Assigned factory labor for Finishing, $70,800 and Fabricating, $17,700. Assigned $53,100 of overhead based on machine hours used in each department. The Finishing Department used twice as many machine hours as did Fabricating. Record the transactions for the month using the following format. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Beginning balances Purchased raw materials Incurred factory labor Manufacturing overhead incurred Direct materials used Factory labor assigned Manufacturing overhead applied Raw Materials Inventory 10000 SA Manufacturing Costs Factory Labor Manufacturing Overhead Fabricating Work in Process $7,100 [I] Finishing $4,800 Finished Goods Inventory $6,570 I Cost of Goods Sold

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Beginning balances Work in Process Fabricating 7100 Work in Process Finishing 4800 Finished Goods In... View the full answer