Answer:
a.
Raw Materials $180,000 (debit)
Accounts Payable $180,000 (credit)
b.
Work In Process Machining : Direct Materials $73,000 (debit)
Work In Process Machining : Indirect Materials $9,000 (debit)
Work In Process Assembly : Indirect Materials $4,900 (debit)
Raw Materials $86,900 (credit)
c.
Work In Process Machining : Direct Labor $23,000 (debit)
Work In Process Assembly : Direct Labor $47,000 (debit)
Salaries Payable $70,000 (credit)
d.
Work In Process Machining : Depreciation $4,500 (debit)
Work In Process Assembly : Depreciation $7,800 (debit)
Accumulated Depreciation $12,300 (credit)
e.
Work In Process Machining : Overheads $9,700 (debit)
Work In Process Assembly : Overheads $11,300 (debit)
Overheads $21,000 (credit)
f.
Work In Process Assembly Department $14,900 (debit)
Finished Goods Inventory $83,400 (debit)
Work In Process Machining Department $98,300 (credit)
g.
Accounts Receivables $100,000 (debit)
Cost of Goods Sold $68,000 (debit)
Sales Revenue $100,000 (credit)
Finished Goods Inventory $68,000 (credit)
Explanation:
Manufacturing Costs are accumulated in the Work In Process Account.
Finished Goods are Transferred from Work In Process Account to Finished Goods Inventory by Debiting Finished Goods Inventory Account and Crediting Work In Process Account.
