Journalize the transactions-purchased raw materials


Task: Greenleaf Manufacturing Company has two production departments: Cutting and assembly.

August 1 inventories are:

Raw Material                        $4,200
Finished Goods                   $31,900
Work-in Process Cutting        $3,900
Work-in Process Assembly   $10,600

Journalize these transactions

1. Purchased raw materials for $56,300

2. Incurreed factor labor - Credit wages payable $55,000

3. Incurred manufacturing overhead $70,000 of this total, $36,000 was paid in cash, the remainder is unpaid

4. Requisitioned materials for cutting is $15,700 and for assembly is $8,900.

5. Used factory labor for cutting $28,000 and for assembly $27,000

6. Applied overhead at the rate of $20 per machine hour. Machine hours were cutting 1,640 and assembly 1,720.

7. Transferred goods costing $77,600 from the cutting department to assembly department.

8. Transferred good costing $135,000 from assembly to finish goods.9. Sold goods costing $130,000 for $200,000 on account.

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Accounting Basics: Journalize the transactions-purchased raw materials
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