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The Manufacturing Costs of the Assembly Department for the Month

Question 138

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The manufacturing costs of the Assembly Department for the month of July are as follows:
The manufacturing costs of the Assembly Department for the month of July are as follows:    The company uses a process costing system.At July 31,the cost of the goods completed and transferred to the Finishing Department was $563,000. Required:  A)Prepare summary journal entries for the use of direct materials,direct labor and factory overhead. B)Prepare a journal entry for the transfer of completed goods. The company uses a process costing system.At July 31,the cost of the goods completed and transferred to the Finishing Department was $563,000.
Required:
A)Prepare summary journal entries for the use of direct materials,direct labor and factory overhead.
B)Prepare a journal entry for the transfer of completed goods.

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