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a . Raw materials purchased on account, $ 2 1 0 , 0 0 0 . b . Raw materials used in production, $ 1

a. Raw materials purchased on account, $210,000.
b. Raw materials used in production, $188,000( $150,400 direct materials and $37,600 indirect materials).
c. Accrued direct labor cost of $49,000 and. Indirect labor cost of $21,000
d. Depreciation recorded on factory equipment, $106,000.
e. Other manufacturing overhead costs accrued during October, $130,000.
f. The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 76,400 machine-hours were used in Octoper.
g. Jobs costing $514,000 according to thelr-job cost sheets were completed during October and transferred to Finished Goods.
h. Jobs that had cost $448,000 to complete according to thelr job cost sheets were shipped to customers during the month. These Jobs were sold on account at 36% above cost.
Required:
Prepare journal entrles to record the transactions given above.
Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $33,000.
Complete this question by entering your answers in the tabs below.
Required 1
Prepare joumal entries to record the transactions given above. (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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Raw materials purchased on account, $210,000.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[a.,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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