1 1 a. Record the purchase of materials (on credit). 2 b. Record direct materials used in production. 3 c. Record the usage of indirect materials, 4 d. Record the cost of direct labor incurred but not yet paid. (Use "Factory wages payable" account). un e. Record the cost of indirect labor incurred but not yet paid. (Use "Factory wages payable" account). 6 f. Record the payment of the total factory payroll. 7 9. Record the cost of other factory overhead costs (credit Other accounts). Note journal entry has been entered 8 h. Record the application of overhead at a rate of 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). 9 1. Record the transferred costs of partially completed goods. 10 j. Record the transfer of production to finished goods, as calculated on the Cost of Goods Manufactured tab. 11 k. Record the cost of goods sold, as calculated on the cost of goods sold tab. 12 1. Record the sale of goods on account. Note Tour NO. UEDE Crean Dalance Late Apr 29 NO. Web crean 430,000 uate Apr 30 batance 100.000 Raw materials inventory Debit Credit No. Date Work in process inventory-Stitching Dato Debit Credit No. Apr 29 Balance 121,000 Balance 293 300 Finished goods inventory Debit Credit No. Date Work in process inventory-Cutting Date Debit Credit No. Apr 29 Balance 250.100 Balance 273,500 Factory Equipment Debit Credit No. No. Date Apr 29 Balance 140.000 Accumulated depreciation Factory equipment Date Debit Credit Balance Apr 29 28.000 Accounts payable Debit Credit . Date Apr 30 Common stock, $5 par value Debit Credit No. Balance 1.123 400 Date Apr 29 Balance 76.000 No Paid in capital in excess of par Common Dato Dobit Credit Balance Apr 30 70.000 Retained earnings Debit Credit No Date Apr 30 Balance 310.500 Dates: Apr 30 to: Apr 30 Star Company Trial Balance April 30, 2018 Debit Credit $ Account Title Cash Accounts receivable Raw materials inventory Work in process inventory-Stitching Finished goods inventory Work in process inventory--Cutting Factory Equipment Accumulated depreciation - Factory equipment Accounts payable Common stock 55 par value Pald.in capital in excess of par - Common Retained earnings Total 430,000 100.000 121.000 293,300 250.100 273,500 140.000 28.000 1.123.400 76,000 70.000 310 500 1 607 900 1 607 900 $ Verify the ending balance in raw materials inventory. Enter the amount of materials used as negative values. Beginning Raw Materials Inventory Materials available for use Ending raw material inventory Dates: Apr 30 to: Apr 30 Total manufacturing costs added during May Total cost of work in process Total manufacturing costs added during May Total cost of work in process General Raw Cost of General Cost of Cost of Requirement Goods Mfg Goods Mfg Goods Sold Trial Balance Journal Gross Profit Ledger Materials Cutting Stitching Calculate the value of cost of goods sold for the month of May. Ignore any over- or underapplied overhead in the calculation of cost of goods sold. Dates: Apr 30 to: Apr 30 Calculate cost of goods sold: Cost of goods available for sale Cost of goods sold Cost of Goods Mfg Stitching Cost of Goods Sold Cost of General General Requirement Raw Trial Balance Journal Ledger Goods Mfg Materials Cutting Calculate the value of gross profit for the month of May. Gross Profit Dates: Apr 30 to: Apr 30 Gross Profit Dates: Apr 30 to: Apr 30 Total manufacturing costs added during May Total cost of work in process Total manufacturing costs added during May Total cost of work in process General Raw Cost of General Cost of Cost of Requirement Goods Mfg Goods Mfg Goods Sold Trial Balance Journal Gross Profit Ledger Materials Cutting Stitching Calculate the value of cost of goods sold for the month of May. Ignore any over- or underapplied overhead in the calculation of cost of goods sold. Dates: Apr 30 to: Apr 30 Calculate cost of goods sold: Cost of goods available for sale Cost of goods sold Cost of Goods Mfg Stitching Cost of Goods Sold Cost of General General Requirement Raw Trial Balance Journal Ledger Goods Mfg Materials Cutting Calculate the value of gross profit for the month of May. Gross Profit Dates: Apr 30 to: Apr 30 Gross Profit