Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pr 2-1a entries for costs in job order costing mar

PR 2-1A Entries for costs in job order costing Marinja Company uses job order costing....

50.1K

Verified Solution

Question

Accounting

image
image
PR 2-1A Entries for costs in job order costing Marinja Company uses job order costing. The following data summarize the operations related to production for May: a. Materials purchased on account, $320,0000. b. Materials requisitioned, $292,100, of which $8,600 was for general factory use. (Continued) c Factory labor used, $487,500 of which $33,000 was indirect. d. Other costs incurred on account for factory overhead, $610,000; selling expenses, $142,000; and administrative expenses, $105,000. e. Prepaid expenses expired for factory overhead wete $2,000; for selling expenses, $,000; and for administrative expenses, $4,000. f. Depreciation of office building was $29,000; of office equipment, $6,500; and of factory equipment, $68,000. g. Factory overhead costs applied to jobs, $712,000. h. Jobs completed, $1,426,000. 1. Cost of goods sold, $1,378,000. Instructions Journalize the entries to record the summarized operations

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

Finance
1.2K views

Marcel Co. is growing quickly. Dividends are expected to grow at a 19 percent rate for...

Chemistry
1.2K views

For this presentation, draw out the complete synthesis for morphine sulfate to heroin.

Chemistry
1.2K views

A. While both NaBH4 and LiAlH4 can both be used to reduce ketones and aldehydes, the...

Physics
1.2K views

A ball of mass 75g is thrown upward with an initial positive velocity, vi, at position...

Basic Math
1.2K views

Find the z scores that separates the middle 78 of the distribution from the area...

Accounting
1.2K views

Hsu Corporation had a beginning balance of $6,000 in its Land account. During the year...

Accounting
1.2K views

true or false A job order costing system would be appropriate for a manufacturing...

Accounting
1.2K views

Olds Company declares Chapter 7 bankruptcy. The following are the asset and liability book values...

Accounting
1.2K views

34 Asterla earned a $25,700 salary as an employee in 2023 . How much should...

Accounting
1.2K views

Aaron Company has a process costing system. All materials are introduced when conversion costs reach...

Accounting
1.2K views

Valentina is single and claims no dependents. Assume that Valentina has only one job or...

Finance
1.2K views

Question 10 5 pts You own a bond that has a 6.4% coupon rate and...