Letters (a)–(g) represent several recent transactions that were posted to some of Johnson Company’s T-accounts.

Required:

Assign letters (a)–(g) to the following descriptions to indicate how the transactions would be recorded in the T-accounts. The purchase of raw materials is provided as an example, where the letter (a) represents a debit to Raw Materials Inventory.

Description ………………………………………………….. Transaction

Applied manufacturing overhead

Recorded direct labor

Recorded the cost of jobs completed

Purchased raw materials ……………………………………….. (a)

Recorded actual manufacturing overhead

Recorded the cost of jobs sold

Issued raw materials to production

Transcribed Image Text:

Raw Materials Inventory Manufacturing Overhead Work in Process Inventory Finished Goods Inventory Cost of Goods Sold