Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. p39, 2-1a: b ting company uses a job-order costing

P39, 2-1A: B ting Company uses a job-order costing system and incurred the following manufacturers...

60.1K

Verified Solution

Question

Accounting

image
P39, 2-1A: B ting Company uses a job-order costing system and incurred the following manufacturers during April: a. Purchased materiais on credit, $62,000. b. Issued materials to production as follows: direct materials, $54,000; indirect materials, $9,100. c. Incurred factory wages, $57,000. d. Allocated factory labor to production as follows: direct labor, $45,000; indirect labor, $12,000. e. Incurred factory overhead costs on account, $3,600. f. Recognized other factory overhead costs as follows: depreciation of factory equipment, $8,000; depreciation of building, $6,000; expired insurance, $720; accrued property taxes, $940. g. Applied factory overhead to production, $42,000. h. Completed jobs costing $198,200. i. Sold finished goods costing $174,000 to various customers; billed customers for $225,000 (make two entries) Required: Record these summary transactions in general journal form. General Journal Account Title Date P.R. Debit Credit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students