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Question Content Area During February, Charm Inc. worked on two jobs with the following data:...

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Accounting

Question Content Area

During February, Charm Inc. worked on two jobs with the following data:

Job 13 Job 12
Units in each job 100 units 200 units
Units sold 100 units ----
Materials requisitioned $5,230 $3,970
Direct labor hours 900 hrs. 1,220 hrs.
Direct labor cost $13,500 $18,300

Overhead is assigned on the basis of direct labor hours at a rate of $8. During February, Job 12 was completed and transferred to Finished Goods. Job 13 is the only unfinished job at the end of the month.

Question Content Area

A. Prepare the journal entries for requisitioning all materials used during the month.

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Cost of Goods SoldFinished GoodsRaw MaterialsWages PayableWork in Process

 - Select -

Cost of Goods SoldFinished GoodsRaw MaterialsWages PayableWork in Process

 - Select -

Question Content Area

B. Prepare the journal entries for direct labor for the month. Assume the workers have not been paid yet.

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Cost of Goods SoldFinished GoodsRaw MaterialsWages PayableWork in Process

 - Select -

Cost of Goods SoldFinished GoodsRaw MaterialsWages PayableWork in Process

 - Select -

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