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9 10 points eBook References Barker Products is a job shop. The following events occurred in September: 1. Purchased $13,400 of materials on account.
9 10 points eBook References Barker Products is a job shop. The following events occurred in September: 1. Purchased $13,400 of materials on account. 2. Issued $14,900 in direct materials to the production department. 3. Purchased $11,400 of materials on account. 4. Issued $920 of supplies from the materials inventory. 5. Paid for the materials purchased in transaction (1). 6. Paid $19,600 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 7. Incurred direct labor costs of $22,800, which were credited to Wages Payable. 8. Issued $1,320 of supplies from the materials inventory. 9. Applied overhead on the basis of 85 percent of $22,800 direct labor costs. 10. Recognized depreciation on manufacturing property, plant, and equipment of $12,000. The following balances appeared in the accounts of Barker Products for September: Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Required: Beginning $ 32,900 Ending 6,140 33,200 ? ? $ 30,300 54,100 a. Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. Complete this question by entering your answers in the tabs below. my
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