5, P4-43 (book/static) Part 1 of 6 C HW Score: 46.85%, 4.69 of 10 points O Points: 0 of 2 Saw Brane Company uses normal costing in its job-costing system. The company produces custom bikes for toddlers. The beginning balances (December 1) and ending balances (as of December 30) in their inventory accounts are as follows: Requirement 1. Prepare journal entries for the December 31 payroll. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the journal entry to recognize indirect and direct payroll for the December 31 work day. (1a) Journal Entry Accounts Debit Credit Data table Materials Control Work-in-Process Control Manufacturing Department Overhead Control Finished Goods Control Beginning Ending Balance Balance 12/1 12/30 $ 2,200 $ 8,600 6,800 9,100 0 94,500 4,500 19,500 Print Done Requirements 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following: a. The total amount of materials requisitioned into work-in-process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) c. The total amount of manufacturing overhead recorded in work in process during December d. Ending balance in work in process, December 31 e. Cost of goods sold for December before adjustments for under- or overallocated manufacturing overhead 3. Prepare closing journal entries related to manufacturing overhead. Assume that all under- or overallocated manufacturing overhead is closed directly to Cost of Goods Sold. 47 mp Accounts Payable Control er th Cost of Goods Sold re Finished Goods Control mei Manufacturing Overhead Allocated Manufacturing Overhead Control Materials Control pre Wages Payable Control Work-in-Process Control its D More info Additional information: a. b. C. d. e. f. Direct materials purchased during December were $66,400. Cost of goods manufactured for December was $235,000. No direct materials were returned to suppliers. No units were started or completed on December 31 and no direct materials were requisitioned on December 31. The manufacturing labor costs for the December 31 working day: direct manufacturing labor, $4,350, and indirect manufacturing labor, $1,450. Manufacturing overhead has been allocated at 140% of direct manufacturing labor costs through December 31