2. Prepare journal entries for the month of April to record the above transactions. View transaction list Journal entry worksheet 1 6 8 9 10 11 12 13 > Record the entry for assignment of any underapplied or overapplied overhead to the Cost of Goods Sold. Note: Enter debits before credits. Transaction General Journal Debit Credit j. Cost of goods sold Factory overhead Record entry Clear entry View general journal Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials 25,000 $ 63,000 40,000 Direct Labor 24,000 38,000 16,000 8,000 62,000 Applied overhead 12,000 20,000 61,000 $ $ 123,000 Beginning goods in process For April Direct Materials Direct Labor 459,000 360,000 180,000 Applied overhead 139,000 210,000 110,000 103,000 155,000 102,000 51,500 77,500 51,000 293,500 442,500 263,000 $ 354,500 $ 504,500 $ 263,000 $ Finished (sold) Finished (unsold) In process Cost of goods sold Finished goods inventory Work in process inventory Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in: 999,000 1,122,000 2. Prepare journal entries for the month of April to record the above transactions. View transaction list Journal entry worksheet 1 6 8 9 10 11 12 13 > Record the entry for assignment of any underapplied or overapplied overhead to the Cost of Goods Sold. Note: Enter debits before credits. Transaction General Journal Debit Credit j. Cost of goods sold Factory overhead Record entry Clear entry View general journal Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials 25,000 $ 63,000 40,000 Direct Labor 24,000 38,000 16,000 8,000 62,000 Applied overhead 12,000 20,000 61,000 $ $ 123,000 Beginning goods in process For April Direct Materials Direct Labor 459,000 360,000 180,000 Applied overhead 139,000 210,000 110,000 103,000 155,000 102,000 51,500 77,500 51,000 293,500 442,500 263,000 $ 354,500 $ 504,500 $ 263,000 $ Finished (sold) Finished (unsold) In process Cost of goods sold Finished goods inventory Work in process inventory Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in: 999,000 1,122,000
