ALT-MFG.POSTINGS THIS PAGE IS NOT DONE ASSETS ACCOUNTS RECEIVABL LIAB ACCOUNTS PAYABLE OWNER'S EQUITY COST OF GOODS SOLC SALES RAW MATERIALS INV WAGES PAYABLE 1 Smith Printing purchased $170,000 of raw materials on account 2 Materials used Job 420=533,240; Job 421-43,920; Job 422=537,100, Job 423: 540,270. Indirect Materials used=54,470. (Total direct materials used=$154,530.) WORK IN PROCESS IN SALARIES PAYABLE FACTORY OVERHEAD Asal IM IL sup/sec depr DM DL FO 3 Factory wages: Job 420=$18,000: Job 421=526,000 Job 422=$15,000; Job 423=$25,000 Indirect Labor $3,300. (Total direct labor = 584,000.) Credit Wages Payable. UTILITIES PAYABLE FINISHED GOODS INY 4 Factory supervision series and factory security salaries were $39,500. Credit Salaries Payable 5 Depreciation on the factory and machinery was 514.550. 6 Factory overhead is applied at the rate of 72% of direct labor cost. 7 F in the job cost sheets DR Blend applied CR BalOverapplied ACCUM. DEPRECIATION JOB 420.. DM DL FO TOTAL 8 Jobs 420, Job 421 and Job 423 were completed and moved to Finished Goods DEBIT CREDIT 9 Job 420 was sold to a customer for $100,000 on account. JOB 421. OM DL FO TOTAL WHEN YOU ARE DONE, CHANGE THE PAGE STATUS IN CELL TI TO DONE ACCOUNTS RECEIVABLE RAW MATERIALS INV WORK IN PROCESS INV FINISHED GOODS INV ACCUM. DEPRECIATION FACTORY OVERHEAD ACCOUNTS PAYABLE WAGES PAYABLE SALARIES PAYABLE UTILITIES PAYABLE SALES COST OF GOODS SOLD JOB 422 OM DL FO TOTAL JOB 423 OM OL FO TOTAL ALT-MFG.POSTINGS THIS PAGE IS NOT DONE ASSETS ACCOUNTS RECEIVABL LIAB ACCOUNTS PAYABLE OWNER'S EQUITY COST OF GOODS SOLC SALES RAW MATERIALS INV WAGES PAYABLE 1 Smith Printing purchased $170,000 of raw materials on account 2 Materials used Job 420=533,240; Job 421-43,920; Job 422=537,100, Job 423: 540,270. Indirect Materials used=54,470. (Total direct materials used=$154,530.) WORK IN PROCESS IN SALARIES PAYABLE FACTORY OVERHEAD Asal IM IL sup/sec depr DM DL FO 3 Factory wages: Job 420=$18,000: Job 421=526,000 Job 422=$15,000; Job 423=$25,000 Indirect Labor $3,300. (Total direct labor = 584,000.) Credit Wages Payable. UTILITIES PAYABLE FINISHED GOODS INY 4 Factory supervision series and factory security salaries were $39,500. Credit Salaries Payable 5 Depreciation on the factory and machinery was 514.550. 6 Factory overhead is applied at the rate of 72% of direct labor cost. 7 F in the job cost sheets DR Blend applied CR BalOverapplied ACCUM. DEPRECIATION JOB 420.. DM DL FO TOTAL 8 Jobs 420, Job 421 and Job 423 were completed and moved to Finished Goods DEBIT CREDIT 9 Job 420 was sold to a customer for $100,000 on account. JOB 421. OM DL FO TOTAL WHEN YOU ARE DONE, CHANGE THE PAGE STATUS IN CELL TI TO DONE ACCOUNTS RECEIVABLE RAW MATERIALS INV WORK IN PROCESS INV FINISHED GOODS INV ACCUM. DEPRECIATION FACTORY OVERHEAD ACCOUNTS PAYABLE WAGES PAYABLE SALARIES PAYABLE UTILITIES PAYABLE SALES COST OF GOODS SOLD JOB 422 OM DL FO TOTAL JOB 423 OM OL FO TOTAL
