Oriole Company purchases $52,900 of direct raw materials and it incurs $63,400 of direct factory labor...

 

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Oriole Company purchases $52,900 of direct raw materials and it incurs $63,400 of direct factory labor costs. Record the two transactions using the following format. The materials and labor are for the Assembly Department and the Finishing Department. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Purchases direct materials Incurs direct factory labor $ Raw Materials Inventory $ Manufacturing Costs Factory Labor Manufacturing Overhead $ $ Assembly Work in Process $ Finishing Oriole Company purchases $52,900 of direct raw materials and it incurs $63,400 of direct factory labor costs. Record the two transactions using the following format. The materials and labor are for the Assembly Department and the Finishing Department. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Purchases direct materials Incurs direct factory labor $ Raw Materials Inventory $ Manufacturing Costs Factory Labor Manufacturing Overhead $ $ Assembly Work in Process $ Finishing

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