A.B.C furniture Inc manufactures bookshelves. The total manufacturing cost for September is as follows. -Raw...
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Accounting
A.B.C furniture Inc manufactures bookshelves. The total manufacturing cost for September is as follows.
-Raw marital purchased $92,430.00
-Raw material used - direct materials $82,475.00 indirect materials, $16,175.00
-Factory wage earned $106,620.00
-Factory wage allocated direct labor-$84,060, indirect labor $22,560
-Other overhead cost incurred $30,563 (credit the total to voucher payable)
-Estimated manufacturing overhead cost applied to jobs worked on $67,248
-Finished goods transferred to ware house $229,348
-Finished goods sold and shipped to customer $231,898
-Finished goods sold and billed to customer $336,252
Instruction
-A. create journal entry
. Assuming beginning balance of
-Raw material-------$64,820 dr
-Work in process-----$48,370 dr
-Finished goods-------$32,090 dr
B. Calculate the cost of goods manufactured
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