Indicate the journal in which each of the following transactions should be recorded. Assume a three-column purchases journal.
Definitions:
Molding Department
A specialized department within a manufacturing facility where the molding of materials into desired shapes takes place.
Weighted Average Method
A cost accounting method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all units available for sale.
Equivalent Unit
An equivalent unit is a measure used in cost accounting to express the amount of work done on incomplete products in terms of fully completed units.
Painting Department
A specific section within a manufacturing facility dedicated to the painting of products, often considered in costing for departmental overhead allocation.
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