Business, 18.02.2020 17:51 itorres40

Warner Company purchases $53,700 of raw materials on account, and it incurs $61,600 of the factory labor costs. Supporting records show that:.A) The Assembly Department used $32,900 of raw materials and $38,000 of the factory labor. B) The Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.
2. Journalize the assignment of overhead to the Assembly and Finishing DepartmentsDate Account Titles and Explanation Debit Credit Mar. 31 (To record materials used) 31 (To assign factory labor to production)

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Warner Company purchases $53,700 of raw materials on account, and it incurs $61,600 of the factory l...

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