Homework Answers
| Date | Account and explanation | Debit | Credit |
| Work in progress Assembly | 32800 | ||
| Work in progress finishing | 18500 | ||
| Raw material inventory | 51300 |
| Date | Account and explantion | Debit | Credit |
| Work in progress Assembly | 40900 | ||
| Work in progress Finishing | 21900 | ||
| Wage payable | 62800 |
Please note -
No finished goods information is given in the question so it is transfered to work in progress department
Work note*
Finding difference in finishing value
Raw material= 51300
Assembly =32800
51300-32800=18500
Labor cost=62800
Assembly=40900
62800-40900=21900
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Brief Exercise 17-2 Warner Company purchases $51,300 of raw materials on account, and it incurs $62,800...
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