Answer:
Assembly Department
Work In Process $64,160 (debit)
Overheads $64,160 (credit)
Finishing Department
Work In Process $65,120 (debit)
Overheads $65,120 (credit)
Explanation:
Assembly Department
<u>Use of raw materials</u>
Work In Process $27,100 (debit)
Raw Materials $27,100 (credit)
<u>Use of factory labor </u>
Work In Process $40,100 (debit)
Salaries and Wages Payable $40,100 (credit)
<u>Assignment of overheads</u>
<em>Note : basis of 160% of labor costs.</em>
Work In Process $64,160 (debit)
Overheads $64,160 (credit)
Finishing Department
<u>Use of raw materials</u>
Work In Process $23,200 (debit)
Raw Materials $23,200 (credit)
<u>Use of factory labor </u>
Work In Process $40,700 (debit)
Salaries and Wages Payable $40,700 (credit)
<u>Assignment of overheads</u>
<em>Note : basis of 160% of labor costs.</em>
Work In Process $65,120 (debit)
Overheads $65,120 (credit)