Question: Please answer all the questions, according to the table format, only the answer is needed, thank you very much Record the following process costing transactions
Please answer all the questions, according to the table format, only the answer is needed, thank you very much
Record the following process costing transactions in the general journal: (Click the icon to view the transactions.) a. Record the purchase of raw materials on account, $12,000. (Record debits first, then credits. Explanations are not required.) Journal Entry Transactions Accounts Debit Credit a. Accounts Payable Accumulated DepreciationPlant a. Purchase of raw materials on account, $12,000 b. Requisition of direct materials to Assembly Department, $4,000 Finishing Department, $2,000 c. Incurrence and payment of manufacturing labour, $12,500 d. Incurrence of manufacturing overhead costs: Property taxesplant, $2,900 Utilitiesplant, $4,500 Insurance-plant, $1,500 Depreciation-plant, $4,800 e. Assignment of conversion costs to the Assembly Department: Direct labour, $6,500 Manufacturing overhead, $3,500 f. Assignment of conversion costs to the Finishing Department: Direct labour, $5,200 Manufacturing overhead, $7,400 g. Cost of goods completed and transferred out of the Assembly Department to the Finishing Department, $10,500 h. Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $15,600 Cash Finished Goods Inventory Manufacturing Overhead Manufacturing Wages Prepaid Insurance-Plant Property Taxes PayablePlant Raw Materials Inventory Print Done Utilities Payable Work in Process Inventory-Assembly Work in Process Inventory-Finishing
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