Journal entries for a manufacturing firm The following information is selected from the manufacturing operations of Mellon Company, which uses a perpetual inventory system.

a. Weekly machine hours totaled 1,800. Manufacturing overhead is applied at $5 per machine hour.

b. Job 506 is completed. It consists of 60 units, $2,000 direct materials cost, $3,000 direct labor cost, and $6,000 manufacturing overhead cost.

C. Material requisitions are filled for direct materials costing $20,000 and for indirect materials costing $5,000.

d. Materials are purchased on account for $60,000.

e. Job 506 is sold to a customer for $16,000 cash.

f. The property tax bill for the year in the amount of $10,000 is received; 75 percent is for manufacturing facilities.

Transcribed Image Text:

REQUIRED Journalize the above events and transactions.