Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Purchased raw materials on account $51,800. 2. Raw materials of $45,000 wers raquisitioned to the factory. An analysis of the materials requisition slips indicated
1. Purchased raw materials on account $51,800. 2. Raw materials of $45,000 wers raquisitioned to the factory. An analysis of the materials requisition slips indicated that $9,000 was classifiad as indirect materials. 3. Factery labour costs incurred were $64,100. 4. Time tielosts indicated that $54,900 was dirset labour and $9,200 was indirect labour. 5. Manufacturing overhead costs incurred an account were $93,600. 6. Depreciation on the company's office building was $9,700. 7. Manufacturing overhead was applied at the rate of 160% of direct labour coat. 8. Goods costing $97,400 were complated and transferred to finishad goods. 9. Finishad soods costin $$2,100 to manufacture were sold on account for $105,300. Journalize the tranactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Tities and Explanation (1) Accounta Proble Row Matarlals inwertery (2) (3) Fustery Lakour Acesurta Popable (4) leb (5) Manufacturing Onsmad Acsourta Payble (6) (7) (B) (9) Debit Credit 64,100 83,600 83,600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started