The Manufacturing Costs of the Assembly Department for the Month

question 56

Essay

The manufacturing costs of the Assembly department for the month of June are as follows: The cost of goods completed and transferred to finished goods was $231,500 in June.
Required: Prepare summary journal entries for the use of direct materials, direct labour and factory overhead applied. Also prepare a journal entry for the transfer of goods completed.

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Definitions:

Sleepier

The state or quality of feeling or being more inclined to sleep or tiredness.

Awake

The state of being conscious, alert, and aware of one's surroundings.

Deprivation

The condition caused by a lack of necessary materials, comfort, or necessities for healthy living.

Sleepiness

A state of feeling drowsy or tired, often leading to a desire or need to sleep.