Answer:
a.Dr Raw Materials Inventory 9,000
Accounts Payable 9,000
b. Dr Work in Process Inventory-Assembly 4,200
Cr Raw Materials Inventory 4,200
Dr Work in Process Inventory-Finishing2,400
Cr Raw Materials Inventory 2,400
c.Dr Work in Process Inventory-Assembly10,800
Cr Cash10,800
d.Dr Manufacturing Overhead 11,200
Cr Property Taxes Payable-Plant 1,700
Cr Utilities Payable 4,800
Cr Prepaid Insurance-Plant 1,100
Cr Accumulated Depreciation-Plant 3,600
e.Dr Work in Process Inventory-Assembly 6,800
Cr Wages Payable 4,700
Cr Manufacturing Overhead 2,100
f.Work in Process Inventory-Finishing 10,700
Cr Wages Payable 4,400
Cr Manufacturing Overhead 6,300
g.Dr Work in Process Inventory-Finishing 10,300
Cr Work in Process Inventory-Assembly10,300
h.Dr Finished Goods Inventory15,100
Cr Work in Process Inventory-Finishing15,100
Explanation:
To Record process costing transactions in the general journal
a. Based on the information given we were told that the Purchase of raw materials of the amount of $9,000 was made which means that the transaction will be recorded as:
Dr Raw Materials Inventory 9,000
Accounts Payable 9,000
b. Based on the information given we were told that the Requisition of direct materials to Assembly Department was the amount of $4,200 while the Finishing Department amount was $2,400 which means that the transaction will be recorded as:
Dr Work in Process Inventory-Assembly 4,200
Cr Raw Materials Inventory 4,200
Dr Work in Process Inventory-Finishing 2,400
Cr Raw Materials Inventory2,400
c. Based on the information given we were told that payment of direct labor was the amount of $10,800 which means that the Journal entry will be:
Dr Work in Process Inventory-Assembly 10,800
Cr Cash10,800
d. Journal entry to record the incurrence of manufacturing overhead costs
Dr Manufacturing Overhead 11,200
(1,700+4,800+1,100+3,600)
Cr Property Taxes Payable-Plant 1,700
Cr Utilities Payable 4,800
Cr Prepaid Insurance-Plant 1,100
Cr Accumulated Depreciation-Plant 3,600
e. Based on the information given we were told that the conversion costs to the Assembly Department include both Direct labor of the amount of $4,700 and Manufacturing overhead of the amount of $2,100 which means that the Journal entry will be:
Dr Work in Process Inventory-Assembly 6,800
(4,700+2,100)
Cr Wages Payable 4,700
Cr Manufacturing Overhead 2,100
f. Based on the information given we were told that conversion costs to the Finishing Department were: Direct labor, $4,400 Manufacturing overhead, $6,300, which means that the transaction will be recorded as:
Work in Process Inventory-Finishing10,700
(6,300+4,400)
Cr Wages Payable4,400
Cr Manufacturing Overhead6,300
g. Based on the information given we were told that the Cost of goods that was completed and transferred out of the Assembly department to the finished goods depatment was the amount of 10,300 which means that the transaction will be recorded as:
Dr Work in Process Inventory-Finishing 10,300
Cr Work in Process Inventory-Assembly10,300
h. Based on the information given we were told that the Cost of goods that was completed and transferred out of the finished goods depatment to finished goods inventory was the amount of 15,100 which means that the Journal entry will be:
Dr Finished Goods Inventory 15,100
Cr Work in Process Inventory-Finishing15,100