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a. Purchased raw materials on account for $121,700 . b. Issued $114,000 in raw materials to production ( $20,800 were not traceable to specific jobs).

a. Purchased raw materials on account for

$121,700

.\ b. Issued

$114,000

in raw materials to production (

$20,800

were not traceable to specific jobs).\ c. Incurred

$115,160

in direct labor costs (14,395 hours) and

$62,000

in supervision costs (paid in cash).\ d. Incurred the following additional manufacturing overhead costs: factory lease

$23,300

(paid in cash); depreciation on equipment

$18,200

; custodial supplies

$7,400

(paid in cash).\ e. Incurred the following nonmanufacturing costs, both paid in cash: advertising

$74,600

; sales commissions

$86,900

.\ f. Applied manufacturing overhead to jobs in process at a rate of

$10

per direct labor hour.\ g. Completed jobs costing a total of

$343,200

.\ h. Sold jobs for

$425,500

on account. The cost of the jobs was

$340,700

.\ i. Closed the Manufacturing Overhead account balance.\ Required:\ Prepare the journal entries to record these transactions.\ Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.\ Journal entry worksheet\ 1\ 2\ 3\ 4\ 5\ 6\ 7\ 8\ 9\ 10\ Record purchase of raw material on account.\ Note: Enter debits before credits.\ \\\\table[[Event,General Journal,Debit,Credit],[a],[,,,],[,,,],[,,,],[,,,],[,,,]]\ Prev\ 2 of 2\ Next

image text in transcribed
a. Purchased raw materials on account for $121,700. b. Issued $114,000 in raw materials to production ( $20,800 were not traceable to specific jobs). c. Incurred $115,160 in direct labor costs (14,395 hours) and $62,000 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $23,300 (paid in cash); depreciation on equipment $18,200; custodial supplies $7,400 (paid in cash). e. Incurred the following nonmanufacturing costs, both pald in cash: advertising $74,600; sales commissions $86,900. f. Applied manufacturing overhead to jobs in process at a rate of $10 per direct labor hour. g. Completed jobs costing a total of $343,200. h. Sold jobs for $425,500 on account. The cost of the jobs was $340,700. i. Closed the Manufacturing Overhead account balance. Required: Prepare the journal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet

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