Allen Company has the following information for the Assembly Department for the month of October: Materials purchased Materials used Direct labor Actual manufacturing overhead Cost of goods completed and transferred to the Finishing Department $ 45,000 49,000 30,000 56,000 125,000 Overhead rate is 200% of direct labor costs. Allen Company uses a process-costing system for the Assembly Department. The journal entry to record materials purchased would include Da. a debit to Materials Inventory for $49,000. b. a debit to Materials Inventory for $45,000. c. both a debit to Materials Inventory for $49,000 and a credit to Accounts Payable for $49,000. d. a credit to Accounts Payable for $49,000.

Allen Company has the following information for the Assembly Department for the month of October: Materials purchased Materials used Direct labor Actual manufacturing overhead Cost of goods completed and transferred to the Finishing Department $ 45,000 49,000 30,000 56,000 125,000 Overhead rate is 200% of direct labor costs. Allen Company uses a process-costing system for the Assembly Department. The journal entry to record materials purchased would include Da. a debit to Materials Inventory for $49,000. b. a debit to Materials Inventory for $45,000. c. both a debit to Materials Inventory for $49,000 and a credit to Accounts Payable for $49,000. d. a credit to Accounts Payable for $49,000.

Name: ### Assembly Department Financial Overview for OctoberAllen Company h
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Description: ### Assembly Department Financial Overview for OctoberAllen Company has provided the following financial details for the Assembly Department for the month of October:- **Materials purchased:** $45,000- **Materials used:** $49,000- **Direct labor:**

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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