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Greivell manufacturing company has two production

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Greivell Manufacturing Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $3,800, Work in Process-Cutting $2,780, Work in Process-Assembly $10,530, and Finished Goods $31,340. During July, the following transactions occurred.

  • Purchased $61,050 of raw materials on account.
  • Incurred $55,370 of factory labor.
  • Incurred $69,020 of manufacturing overhead; $40,740 was paid and the remainder is unpaid.
  • Requisitioned materials for Cutting $15,160 and Assembly $9,320.
  • Used factory labor for Cutting $30,270 and Assembly $25,100.
  • Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,500 and Assembly 1,800.
  • Transferred goods costing $66,800 from the Cutting Department to the Assembly Department.
  • Transferred goods costing $134,460 from Assembly to Finished Goods.
  • Sold goods costing $149,670 for $200,240 on account.
  • Journalize the transactions.

Reference no: EM13596714

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