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all the information of all questions are there in the photos. the journal emtries are there im just asking about the quantities and values in
all the information of all questions are there in the photos. the journal emtries are there im just asking about the quantities and values in Dr. and Cr. bars and all other questions values and quantities.
Cullumber Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1. 2022. Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,200. direct labor $12,720, and manufacturing overhead $16,960. As of January 1, Job 49 had been completed at a cost of $95,400 and was part of finished goods inventory. There was a $15,900 balance in the Raw Materials Inventory account on January 1. Puring the month of January, Cullumber Company began production on Jobs 51 and 52 , and completed Jobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $129,320 and $167,480, respectively. The following additional events occurred during themonth. 1. I If Purchased additional raw materials of $95,400 on account. 2. 1 incurred factory labor costs of $74,200. 3. Incurred manufacturing overhead costs as follows: depreciation expense on equipment $12,720; and various other mamufacturing ovemead costs on account $16,960. 4. Aff Assened direct materials and direct labor to jobs as follows. Galcu ate hy preakemmined overhad rate for 2022, assuming Cullumber Complyy estimates total manufacturing oyerhead gosts of $80400 dinect abor costs of $742,000, and direct labor hours of 21,200 for the year. Prepare the joumal entries to record (1) the purchase of raw materials, (2) the factory labor costs incurred, and (3) the manufacturing overhead costs incurred during the month of January. (List all debit entries before credit entries: Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the journal entries to record the assignment of (1) raw materials, (2) factory labor, and (3) manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Open job cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet for Job 50 . Post all costs to the job cost sheets as necessary. JobNo. 51 Date Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No. 52 Prepare the journal entry to record the completion of any job(s) during the month. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the joumal entries to feco d the sale of any jobls) during the month. (List all debit entries before credit entries. Credit account titles are automatically indented wher amount is entered. Do not indent manually.) What is the balance in the Finished Goods Inventory account at the end of the month? (Hint: Use a T-account for Finished Goods Inventory.) What does this balance consist of? Finished Goods Inventory eTextbook and Media List of Accounts What is the amount of over-or underapplied overheadStep by Step Solution
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