Answer:
Indication of which account to be debited and credited:
Transaction Debit Credit
1. Work in Process - Cutting Raw materials
2. Work in Process - Shaping Manufacturing overhead
3. Work in Process - Shaping Work in Process - Cutting
4. Finished Goods Inventory Work in Process - Shaping
5. Cost of Goods Sold Finished Goods Inventory
Explanation:
a) Transaction Analysis:
1. Work in Process - Cutting Department $12,000 Raw materials $12,000
2. Work in Process - Shaping Department $10,000 Manufacturing overhead $10,000
3. Work in Process - Shaping Department $90,000 Work in Process - Cutting $90,000
4. Finished Goods Inventory $80,000 Work in Process - Shaping Department $80,000
5. Cost of Goods Sold $100,000 Finished Goods Inventory $100,000
