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a. Purchased $100,100 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct
a. Purchased $100,100 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials $ 48,300 23,700 72,000 8,720 Total materials used $ 80,720 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor $ 39,300 12,700 52,000 24,300 Total labor used $ 76,300 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $164,060 on credit. (2) Record cost of goods sold for Job 201. f. (1) Sold Job 201 for $164,060 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 32,100 510 810 3,100 $ 36,520 Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Raw Materials Inventory Beginning Balance 0 Ending balance 0 Answer is not complete. Work in Process Inventory Beginning Balance 0 Ending balance 0 Beginning Balance Factory Overhead 0 Ending balance Beginning Balance 0 Cost of Goods Sold 0 Ending balance 0 Beginning Balance Finished Goods Inventory 0 Ending balance 0
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