4497 5028 ewor kid - 1 &question!d=2&flushed-true&cld-47 Acc 345 TW Homework: Chapter 4 Score: 0 of 25 pts Instructor-created question Save 2of6@complete) Hw Score: 0%, 0 of 130p Question Help inflection Company produ gadgets fr tecoveted small appliane market The floang da "tes atvty (Click the icon to wew the data) Inflection Co uses a normal cost system and allocates Data Table inventory account for indirect materials teyear 201 t. Indirect materials are insignficant so there is no 1. Prepare journal entries to record the transaction of goods sold For each jounal entry indicate the up for the entry and the Manufacturing Overhead Allocated Account source document that would be used to authon Costs incurred Purchases of direct materials (net) on credit $ 124,000 Direct manufacturing labor cost Indirect labor Depreciation, factory equipment Depreciation, office equipment Maintenance, factory equipment (wages) Miscellaneous factory overhead Rent, factory bualding Advertising expense Sales commissions (salary) 2. Post the journal entries to T-accounts for all of th 82,000 54,500 37,000 7,200 21,000 9,100 T3,000 98,000 31,000 Requirement 1. Prepare jounal entries to record the ndicate the source document that would be used to aut credits. Explanations are not required Leave unused o d to cost of goods sold Far each journal entry s backup for the entry (Record debis first, then Record the purchase of direct materials, $124,000 January 1, 2011 December 31. 2011 9,900 $ 8,800 16,000 25.000 24,000 Direct materials Work in process Finished goods Record the direct materials used, $117,900 61,000 Print Done Choose from any list or enter any number in the inp Check Answer All parts showing 2:36 PM 10/13/2017