Response to the following problem:
Record the following process costing transactions in the general journal:
a. Purchase of raw materials on account, $9,000
b. Requisition of direct materials to
Assembly Department, $4,000
Finishing Department, $2,000
c. Incurrence and payment of manufacturing labor, $10,800.
d. Incurrence of manufacturing overhead costs:
Property taxes-plant, $1,900
Utilities-plant, $4,500
Insurance-plant, $1,100
Depreciation-plant, $3,400
e. Assignment of conversion costs to the Assembly Department:
Direct labor, $4,700
Manufacturing overhead, $2,900
f. Assignment of conversion costs to the Finishing Department:
Direct labor, $4,400
Manufacturing overhead, $6,200
g. Cost of goods completed and transferred out of Assembly and into Finishing, $10,250.
h. Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $15,600.