Please omit explainations ET Mag Wheels of Benicia, California had the following transactions during the...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Please omit explainations ET Mag Wheels of Benicia, California had the following transactions during the month of July : Purchased raw materials on account, $ Raw Materials of $ were requisitioned to the factory. An analysis of the materials requisition slips indicated that $ was classified as indirect materials. Factory labor costs incurred were $ of which $ pertained to factory wages payable and $ pertained to employer payroll taxes payable. Time tickets indicated that $ was direct labor and $ was indirect labor. Overhead costs incurred on account were $ Manufacturing overhead was applied at the rate of of direct labor cost. Goods costing $ are still incomplete at the end of the month; the other goods were completed and transferred to finished goods. Finished goods costing $ to manufacture were sold on account for $ At the beginning of July, work in process inventory was $ Instructions: Using Word or Excel, Journalize in proper journal entry form, the above transactions for ET Mag Wheels for the month of July you do NOT need to provide explanations. 
Please omit explainations ET Mag Wheels of Benicia, California had the following transactions during the month of July :
Purchased raw materials on account, $
Raw Materials of $ were requisitioned to the factory. An analysis of the materials requisition slips
indicated that $ was classified as indirect materials.
Factory labor costs incurred were $ of which $ pertained to factory wages payable and
$ pertained to employer payroll taxes payable.
Time tickets indicated that $ was direct labor and $ was indirect labor.
Overhead costs incurred on account were $
Manufacturing overhead was applied at the rate of of direct labor cost.
Goods costing $ are still incomplete at the end of the month; the other goods were completed and
transferred to finished goods.
Finished goods costing $ to manufacture were sold on account for $
At the beginning of July, work in process inventory was $
Instructions:
Using Word or Excel, Journalize in proper journal entry form, the above transactions for ET Mag Wheels for
the month of July you do NOT need to provide explanations.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.