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Ivanhoe Company purchases $43,000 of raw materials on account, and it incurs $51,600 of factory labor costs. Supporting records show that (a) the Assembly Department used $20,640 of direct materials and $30,100 of direct labor, and (b) the Finishing Department used the remainder.

Journalize the assignment of the costs to the processing departments on March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

Mar. 31

(To record materials used)

31

221 HW4 Ch 21

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(To assign factory labor to production)

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221 HW4 Ch 21

Question 2 of 10 - / 1