a. Purchased raw materials on credit. $240,000 b. Materials requisitions record use of the following...
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a. Purchased raw materials on credit. $240,000 b. Materials requisitions record use of the following materials for the month Job 136 Job 137 Job 138 Job 139 Job 140 Total direct Baterials Indirect materials Total materials used $ 49,500 33,500 19,400 22,800 7,200 132,400 20,000 $152,400 c. Paid $15.750 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,000 10,500 37,500 39,400 3,200 102,600 27,000 $129,600 e. Applied overhead to Jobs 136, 138, and 139 Transferred Jobs 136, 138, and 139 to Finished Goods. 9. Sold Jobs 136 and 138 on credit at a total price of $525.000 n. The company incurred the following overhead costs during the month credit Prepaid insurance for expired factory insurance). Depreciation of factory $69.000 building Depreciation of factory equipment 36,500 Expired factory Insurance 11,000 Accrued property taxes 35,000 payable I. Appiled overhead at month-end to the Work in Process Inventory account Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost 2. Prepare journal entries to record the events and transactions a through 2. Prepare journal entries to record the events and transactions through View transaction list View journal entry worksheet No Transaction General Journal Raw materials inventory Accounts payable Credit Debit 240,000 240,000 132,400 132,400 Work in process inventory Raw materials inventory Factory overhead Raw materials inventory 20.000 20.000 15,750 Factory overhead Cash 15.750 d. 102,600 102,600 Work in process inventory Accounts payable Factory overhead Accounts payable 27.000 27,000 177.800 Work in process inventory Factory overhead 177.800 358.400 Finished goods inventory Work in process inventory 358,400 (1) 525.000 Accounts receivable Sales 525.000 912). 217,400 Cost of goods sold Finisher nnnde invent 217 mil
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