20 The following information is taken from the accounts of Lotta Company. The entries in the Taccounts are summaries of the transactions that affected those accounts during the year Work in Process Vibe Goods BOL.CO2000 1 11,000 TO 710,000 50,000 640,000 10,000 260,000 63.000 all 120.000 300.000 40,000 Costcode Bad 400,000 The owerhead that had been applied to production during the year is distributed among Work in Process, finished Goods, and Cost of Good Sold of the end of the year as follows wing PM CE 14,500 17.000 Hoc exame of the $40.000 ending balance work in proces. 59.600 won overhead that had been applied during the year Required: erity for through 3. Asumme underophed or overabled overhead is closed to cont of Goods Sold Prepare the necessary journal entry Mume that the underapplied or overnplied overhond is closed proportionally to Work in process, Finished Goods, and Cost of Goods Soldeetheay journal Comote this question by entering your answers in the tale below for entre through 00 Required 2 20 d) 640.0001 The overhead that had been appled to production during the year is distributed among Work in Process, Finished Goods, a Goods Sold as of the end of the year as follows: 476 Work in Process, ending Finished Goods, ending Cont of Goods Sold Overhead applied $ 19,500 53,500 312,000 $390.000 ook For example of the $40,000 ending balance in work in process, $19,500 was overhead that had been applied during the year Required: 1. Identify reasons for entries (a) through (d), 2. Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold. Prepare the necessary journal entry 3. Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Co Goods Sold. Prepare the necessary journal entry Complete this question by entering your answers in the tabs below. Roured 1 Required 2 Required Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold Prepare the necessary journal entry. (If no ent required for a transaction/event, select "No journal entry required in the first account field. View transaction et Journal entry worksheet Record the adjustment of manufacturing overhead account to COGS General Journal 1 Debi Credit C Viewer ME GE 3. 20 The had been apped to production during the you in tributed among Work in Process Finished Goods and cost of Good Sold of the end of the years follows ir , Terrano, no 540.000 undra helence in work in process, $19.500 wa overhoed that has been applied during the yo leur commemorseries Asume the applied oled overdose to Cost of Goods Sold Prepare the necessary journal entry me that the deeped or overed Overhead is die proportionally to Work in Process Finished Goods and cost of Gen. Prepare the many Con this bring your in the tabs below trodotto So the Journal entry worksheet omheducation.com Help S Chat 3 Homework Assignment 20 The following information is then from the accounts of Lotta Company The entries in the accounts are summaries of the tadions that affected those accounts during the year 730.000 CODE 70,000 13.00 11,000 300 2010 10,000 10.00 170.000 9001 the worted that tied been welled to production conting to your ne distributed among Work in Process, whed Goods, and cost of Goods Solds of the end of the year follows His 18:10 Det for more 540.000anding on work in C.598500 wis overed that had been apled do the year thered forrethough) 2. Accommenderar verpledoverhed closed to cost of Goods Sout. Prepare the necessary journal entry in the need revered overheeroportional to Work Process Finished Goods, and cost of Goods Store Complete en wy entering your answer in the the below SZE Chen 20 The forgot to the cost of Luta Compay. The entries in the accounts les mares of the than tweede huising the wo FINES TOTO 50.00 HO, 10,000 2000 HD AL 310 . The thote to production during the year le distributed unorge Poes. Find Good, wd Cost of Goods of 00 ENDE um 46000 worse they is store my terendist dowy Journal entry worksheet 20 The main to the stata Company. There is accounts are summaries of the thidedecus in the 1,100 3. VI SOT SA AL The best piyadong Wonished Goods Green E 10.000 de wat heed them thay honden hd wwe madly We Gods and Costa www he Journal entry worksheet ME 20 The following information is taken from the accounts of Lotta Company. The entries in the Taccounts are summaries of the transactions that affected those accounts during the year Work in Process Vibe Goods BOL.CO2000 1 11,000 TO 710,000 50,000 640,000 10,000 260,000 63.000 all 120.000 300.000 40,000 Costcode Bad 400,000 The owerhead that had been applied to production during the year is distributed among Work in Process, finished Goods, and Cost of Good Sold of the end of the year as follows wing PM CE 14,500 17.000 Hoc exame of the $40.000 ending balance work in proces. 59.600 won overhead that had been applied during the year Required: erity for through 3. Asumme underophed or overabled overhead is closed to cont of Goods Sold Prepare the necessary journal entry Mume that the underapplied or overnplied overhond is closed proportionally to Work in process, Finished Goods, and Cost of Goods Soldeetheay journal Comote this question by entering your answers in the tale below for entre through 00 Required 2 20 d) 640.0001 The overhead that had been appled to production during the year is distributed among Work in Process, Finished Goods, a Goods Sold as of the end of the year as follows: 476 Work in Process, ending Finished Goods, ending Cont of Goods Sold Overhead applied $ 19,500 53,500 312,000 $390.000 ook For example of the $40,000 ending balance in work in process, $19,500 was overhead that had been applied during the year Required: 1. Identify reasons for entries (a) through (d), 2. Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold. Prepare the necessary journal entry 3. Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Co Goods Sold. Prepare the necessary journal entry Complete this question by entering your answers in the tabs below. Roured 1 Required 2 Required Assume that the underapplied or overapplied overhead is closed to cost of Goods Sold Prepare the necessary journal entry. (If no ent required for a transaction/event, select "No journal entry required in the first account field. View transaction et Journal entry worksheet Record the adjustment of manufacturing overhead account to COGS General Journal 1 Debi Credit C Viewer ME GE 3. 20 The had been apped to production during the you in tributed among Work in Process Finished Goods and cost of Good Sold of the end of the years follows ir , Terrano, no 540.000 undra helence in work in process, $19.500 wa overhoed that has been applied during the yo leur commemorseries Asume the applied oled overdose to Cost of Goods Sold Prepare the necessary journal entry me that the deeped or overed Overhead is die proportionally to Work in Process Finished Goods and cost of Gen. Prepare the many Con this bring your in the tabs below trodotto So the Journal entry worksheet omheducation.com Help S Chat 3 Homework Assignment 20 The following information is then from the accounts of Lotta Company The entries in the accounts are summaries of the tadions that affected those accounts during the year 730.000 CODE 70,000 13.00 11,000 300 2010 10,000 10.00 170.000 9001 the worted that tied been welled to production conting to your ne distributed among Work in Process, whed Goods, and cost of Goods Solds of the end of the year follows His 18:10 Det for more 540.000anding on work in C.598500 wis overed that had been apled do the year thered forrethough) 2. Accommenderar verpledoverhed closed to cost of Goods Sout. Prepare the necessary journal entry in the need revered overheeroportional to Work Process Finished Goods, and cost of Goods Store Complete en wy entering your answer in the the below SZE Chen 20 The forgot to the cost of Luta Compay. The entries in the accounts les mares of the than tweede huising the wo FINES TOTO 50.00 HO, 10,000 2000 HD AL 310 . The thote to production during the year le distributed unorge Poes. Find Good, wd Cost of Goods of 00 ENDE um 46000 worse they is store my terendist dowy Journal entry worksheet 20 The main to the stata Company. There is accounts are summaries of the thidedecus in the 1,100 3. VI SOT SA AL The best piyadong Wonished Goods Green E 10.000 de wat heed them thay honden hd wwe madly We Gods and Costa www he Journal entry worksheet ME