Weber company purchases 54100 of raw materials on account


Question: Weber Company purchases $54,100 of raw materials on account, and it incurs $64,900 of factory labor costs. Supporting records show that

(a) the Assembly Department used $31,500 of raw materials and $38,100 of the factory labor, and

(b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.

Journalize the assignment of overhead to the Assembly and Finishing Departments.

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Accounting Basics: Weber company purchases 54100 of raw materials on account
Reference No:- TGS02609724

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