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a to p please The Wildside Company modifies production motorcycles for superbike racing to customer order. It operates a job costing system. The following information
a to p please
The Wildside Company modifies production motorcycles for superbike racing to customer order. It operates a job costing system. The following information is available for the month of June 20x3: Purchases during June: Direct material $30,000 Direct labour costs incurred during June: 20,400 (l.e. $40 per hour * 510 hours). Manufacturing overhead is applied based on a rate 51.5 per direct labour dollar. Other costs incurred during June Manufacturing supplies inventory issued $6,000 Indirect labour cost $3,500 Depreciation of manufacturing equipment $12,000 Electricity-Factory $8,500 Jobs costing $64,500 were sold at the price of $76,400 on credit at the end of June. Required: Complete the T-accounts providing the amounts of a) to p) to show the flow of costs through the company's manufacturing accounts. Raw materials inventory Work in process inventory OB $30,000) OB $46,250 d) CGM 53,250 CB 71,500 e) f) Finished goods inventory $34,500) CB Cost of goods sold 1) OB 23,250 Manufacturing overhead P) k) 1) Note: OB denotes opening balance on 1 June. C/B denotes closing balance on 30 June. CGM denotes costs of goods manufacturedStep by Step Solution
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