13. Marigold Company purchases $54,600 of raw materials on account, and it incurs $62,700 of...
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13. Marigold Company purchases $54,600 of raw materials on account, and it incurs $62,700 of factory labor costs...
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Marigold Company purchases $54,600 of raw materials on account, and it incurs $62,700 of factory labor costs. Supporting record show that (a) the Assembly Department used $34,000 of the raw materials and $38,800 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit occount titfes are automatically indented when amount is entered. Do not indent manually.)
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