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Instructions During May, Lockmiller Company accumulated 20,500 hours of direct labor costs on Job 275...

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Accounting

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Instructions During May, Lockmiller Company accumulated 20,500 hours of direct labor costs on Job 275 and 25 200 hours on Job 310. The total direct labar was incurred at a rate of $19.00 per direct labor hour for Job 275 and $23.00 per direct labor hour for Job 310. Required: Joumalize the entry on May 30 to record the flow of labor costs into production during May. Rotor to the chart of accounts for the exact wording or the account filles, CNOW journais do not use lines for journal explanations. Every Nne on a journal pages used for debut of credit entries CNOW journals will automatically indent a credit erity when a credit amount is entered Journal X Journalize the entry on May 30 to record the flow of labor costs into production during May. Refer to the chart of accounts for the exact wording of the account bites CNOWjournals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 10 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES DATE EQUITY 2

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