Bonita Company purchases $54,800 of raw materials on account, and it incurs $61,600 of the factory labor costs. Supporting records show that (a) the Assembly Department used $30,000 of raw materials and $43,000 of the factory labor, and (b) the Finishing Department used the remainder. Required:
Journalize the assignment of the costs to the processing departments on March 31.

We will journalize the assignment of cost as follows

Explanation:

Raw materials = $54,800

Assembly department used = $30,000 of raw material

Finishing department used = $24,800 (remainder)

NOTE: As mentioned above-finishing department use remainder

Entry                                                                DEBIT        CREDIT

Work in process- Assembly department$30,000  

Work in process- Finishing department$24,800  

Raw material                                                         $54800

Factory labor costs = $61,600

Assembly department used = $43,000 of labor cost

Finishing department used = $18,600 (remainder)

NOTE: As mentioned above-finishing department use remainder

Entry                                                                DEBIT        CREDIT

Work in process- Assembly department$43,000  

Work in process- Finishing department$18,600  

Factory labor cost                                                             $61,600

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough