Prepare the required entries

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Question - Sandhill Manufacturing Company has two production departments: machining and assembly.

During the month of January, the following transactions occurred:

1. Requisitioned $15,880 in direct materials for machining and $14,160 in direct materials for assembly.

2. Used factory labour of $22,110 for machining and $17,270 for assembly.

3. Applied overhead at the rate of $18 per machine hour. Machine hours were 1,350 in machining and 1,656 in assembly.

4. Transferred goods costing $58,396 from the machining department to the assembly department.

5. Transferred goods costing $112,350 from assembly to Finished Goods.

6. Sold goods costing $127,450 for $151,830 on account.

Required - Prepare the required entries.

Reference no: EM133117928

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