Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A. purchases 180,000 pounds of material on account; the cost was $5.00 oer pound B. Issued 120,000 pounds of materials to production of which 150,000

A. purchases 180,000 pounds of material on account; the cost was $5.00 oer pound B. Issued 120,000 pounds of materials to production of which 150,000 were used as indirect materials C. incurred direct labor costs of $240,000 and $40,000 of indirect labor costs D. Recorded depreciation on equipment for the month, $75,700 E Recorded insurance costs for the manufacturing property. $3,500 F Paid $8,500 cash for utlities and other micellaneous items for the manufacturing plan G. complete Job H11 costing $7,500 and Job G28 costing $77,000 during the month and transferred them to Finished Goods Inventory account H. Shipped Job G28 to the customer during the month. The job was invoiced 35% above cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Continuous Auditing A Complete Guide

Authors: Gerardus Blokdyk

2019th Edition

0655540318, 978-0655540311

More Books

Students also viewed these Accounting questions