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CHART OF ACCOUNTS
Cioffi Manufacturing Company
General Ledger
ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 130 Materials 133 Work in Process 136 Factory Overhead 138 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 190 Office Equipment 191 Accumulated Depreciation-Office Equipment 192 Machinery 193 Accumulated Depreciation-Machinery 194 Factory 195 Accumulated Depreciation-Factory LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends	REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Direct Materials Quantity Variance 521 Direct Materials Price Variance 522 Direct Labor Time Variance 523 Direct Labor Rate Variance 530 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Office Equipment 561 Depreciation Expense-Machinery 562 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense

Cioffi Manufacturing Company incorporates standards in its accounts and identifies variances at the time the manufacturing costs are incurred.

Required:

Journalize the entries to record the following transactions.

a.	Purchased 2,450 units of copper tubing on account at $52.00 per unit. The standard price is $48.50 per unit.
b.	Used 1,900 units of copper tubing in the process of manufacturing 200 air conditioners. Ten units of copper tubing are required, at standard, to produce one air conditioner.

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