Question

A fem produces its products by a continuous process involving three production departments, 1 through 3. Present entries to record the following selected transactions related to production during August a. Materials purchased on account, $120,000 b. Mural reguistioned for use in Department 1. $125,700, of which $124,200 entered directly into the product. If an amount box does not The an entry leaves cabar con bourred in Down 1.195,400, of $174.000 was used derectly in the nature of the product.namun box does Den stor 3 V B N M HP Laptop ор Do more from anywhere. All-day long.

Answer 1

la $1120,000 @ Materiale Accounts Payable 120,000 41125700 Wages Payable 195400 Faedony Ovecheal. Dopadnoet : 1500 Work in process - Department I 81124209 Modercials @ Facedony overhead Department [ 21400 Workin process - Department 1174000 @ Factory Overhead- Depair Depoelmand 1 Accounts Payable @fattony Overhead Depard meeld 929200 Accemuleleol depreciation Machineay * Fasteny Overhead Depard mend ! . of yooo Prepaid Insurance Work in Process - Depanel ment : $ 54700 81 54700 8 | 29200 91 7000 $106300 Faetony Overchead 106300 h) - à 81362 700 ☺ Work in Process - Deparhond Work in Process Depardmands 91362700