Record the following process costing transactions in the general journal: Purchase of raw materials on account, $9, 300 Requisition of direct materials to Assembly Department, $4, 300 Finishing Department, $2, 400 Incurrence and payment of direct labor, $10, 500 (these costs should be debited to WIP Inventory-Assembly) Incurrence of manufacturing overhead costs (unpaid): Property taxes-plant, $1, 800 Utilities-plant, $4, 800 Insurance-plant, $1, 700 Depreciation-plant, $3, 800 Assignment of conversion costs to the Assembly Department: Direct labor, $5, 000 Manufacturing overhead, $2, 600 Assignment of conversion costs to the Finishing Department: Direct labor, $4, 700 Manufacturing overhead, $6, 600 Cost of goods completed and transferred out of the Assembly Department to the Finishing Department, $10, 500 Cost of goods completed and transferred out of the Finishing Department into Finished Goods Inventory, $15, 600
