Burman Co. uses a job-order costing system in its manufacturingoperations. The company recorded the...

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Accounting

Burman Co. uses a job-order costing system in its manufacturingoperations. The company recorded the following transactions duringthe past week: a,Purchased 75 kilograms of raw materials at $30 perkilogram. b.The payroll showed 412 hours of factory labor at $7 perhour. Analysis shows that 38 of the 412 hours are classified asindirect labor and the remainder as direct labor. c.Requisitionsfilled by the raw materials storeroom consisted of $1,875 of directmaterials and $224 of indirect materials. d. Depreciation onfactory equipment totaled $380. e. The plant superintendent'ssalary was $1,775. f. Other manufacturing overhead items incurredamounted to $2,016. g. Manufacturing overhead was applied at therate of $8 per direct labor hour. h. Jobs having a total cost of$6,023 were completed and transferred to the finished goodswarehouse. Sales (all on account) totaled $12,701. Cost of GoodsSold for the sales noted in (i) amounted to $8,090. Required:Prepare journal entries to record the transactions for the week.Assume all purchases are on account. Key your answers to letters a)through j) above. Show ALL supporting work and computationsclearly!

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4.0 Ratings (387 Votes)

a	Raw materials	2250		=75*30
	Accounts payable		2250

b	Work in process	2618		=(412-38)*7
	Manufacturing overhead	266		=38*7
	Wages payable		2884	=412*7

c	Work in process	1875
	Manufacturing overhead	224
	Raw materials		2099

d	Manufacturing overhead	380
	Accumulated depreciation		380

e	Manufacturing overhead	1775
	Wages payable		1775

f	Manufacturing overhead	2016
	Accounts payable		2016

g	Work in process	2992		=(412-38)*8
	Manufacturing overhead		2992

h	Finished goods	6023
	Work in process		6023

i	Accounts receivable	12701
	Sales		12701

j	Cost of goods sold	8090
	Finished goods		8090

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Transcribed Image Text

In: AccountingBurman Co. uses a job-order costing system in its manufacturingoperations. The company recorded the following...Burman Co. uses a job-order costing system in its manufacturingoperations. The company recorded the following transactions duringthe past week: a,Purchased 75 kilograms of raw materials at $30 perkilogram. b.The payroll showed 412 hours of factory labor at $7 perhour. Analysis shows that 38 of the 412 hours are classified asindirect labor and the remainder as direct labor. c.Requisitionsfilled by the raw materials storeroom consisted of $1,875 of directmaterials and $224 of indirect materials. d. Depreciation onfactory equipment totaled $380. e. The plant superintendent'ssalary was $1,775. f. Other manufacturing overhead items incurredamounted to $2,016. g. Manufacturing overhead was applied at therate of $8 per direct labor hour. h. Jobs having a total cost of$6,023 were completed and transferred to the finished goodswarehouse. Sales (all on account) totaled $12,701. Cost of GoodsSold for the sales noted in (i) amounted to $8,090. Required:Prepare journal entries to record the transactions for the week.Assume all purchases are on account. Key your answers to letters a)through j) above. Show ALL supporting work and computationsclearly!