Test #3 - Chapters 15-17 EX.16-163 MC.16-125 MC.16-050 MC.17-069 MC.15-150 MC.15-071 MC.16-083.ALGO EX.17-174 MC.17-074 EX.16-162 EX.16-170...

Test #3 - Chapters 15-17 EX.16-163 MC.16-125 MC.16-050 MC.17-069 MC.15-150 MC.15-071 MC.16-083.ALGO EX.17-174 MC.17-074 EX.16-162 EX.16-170 MC.16-060 MC.16-071 EX.16-172 EX.15-169 MC.16-124 MC.16-108 MC.15-068 EX.17-163 Hide or show questions Progress:8/19 items Calculator Zang Co. manufacturers its products in a continuous process involving two departments, Machining and Assembly. Prepare journal entries to record the following transactions related to production during June: If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $180,000. b. Materials requisitioned by: Machining, $73,000 direct and $9,000 indirect materials; Assembly, $4,900 indirect materials. c. Direct labor used by Machining, $23,000; Assembly, $47,000. d. Depreciation expenses: Machining, $4,500; Assembly, $7,800. e. Factory overhead applied: Machining, $9,700; Assembly, $11,300. f. Machining Department transferred $98,300 to Assembly Department; Assembly Department transferred $83,400 to finished goods. g. Sold goods on account, $100,000; cost of goods sold, $68,000. PreviousNext

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