Question

In: Statistics and Probability

Journal entries

Journal entries (continuation of 17-35). Prepare a set of summarized journal entries for all April transactions affecting Work in Process—Assembly. Set up a T-account for Work in Process—Assembly and post your entries to it.

Expert Solution

Journal entries (continuation of 17-35).

1. Work in Process–– Assembly Department 17,600

Accounts Payable 17,600

To record direct materials purchased and

used in production during April

2. Work in Process–– Assembly Department 10,890

Various Accounts 10,890

To record Assembly Department conversion

costs for April

3. Work in Process––Finishing Department 26,000

Work in Process–– Assembly Department 26,000

To record cost of goods completed and transferred

out in April from the Assembly Department

to the Finishing Department

Work in Process–– Assembly Department 17,600

Accounts Payable 17,600

Raffay answered 2 years ago

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