The manufacturing costs of the Assembly department for the month of June are as follows: The cost of goods completed and transferred to finished goods was $231,500 in June.
Required: Prepare summary journal entries for the use of direct materials, direct labour and factory overhead applied. Also prepare a journal entry for the transfer of goods completed.

Question

The manufacturing costs of the Assembly department for the month of June are as follows:  The cost of goods completed and transferred to finished goods was $231,500 in June.
Required: Prepare summary journal entries for the use of direct materials, direct labour and factory overhead applied. Also prepare a journal entry for the transfer of goods completed.

Quizplus · Accepted Answer

The Answer of The manufacturing costs of the Assembly department for the month of June are as follows:  The cost of goods completed and transferred to finished goods was $231,500 in June.
Required: Prepare summary journal entries for the use of direct materials, direct labour and factory overhead applied. Also prepare a journal entry for the transfer of goods completed.

The Manufacturing Costs of the Assembly Department for the Month