any answer will get a like!
Entries for Factory Costs and Jobs Completed Old School Publishing Inc., began printing operations on January 1. Jos 301 and 103 were completed during the month, and all cats licable to them were recorded on the red cost sheets Jobs 103 and 304 are still in process the end of the month, and all applicable costs except factory overhead have been recorded on the dated contests. In addition to the materials and to charged directly to the job, 5340 of indirect materials and 54,140 of indirect labor were red during the month. The cost sheets for the four sous entering production during the month was follow In summary form: Job 301 Job 302 Direct materiale 3.540 Direct materials 11,660 Direct labor 1.400 Director 700 Factory overhead 720 Factory overhead 355 Total $5,710 52.745 Job 30 Direct materials 54,800 Job 304 Direct mattis Direct labor $1,020 1.500 200 Direct labor Factory overhead Factory overhead Journal the summary entry to record each of the following operations for anuary (one entry for each operation) a. Direct and indirect maturated for compound transaction amount box does not require an entry leave it tak where in me a. Direct and indirect materials used. For a compound transaction. If an amount box does not require an entry, leave Rank Work in Process Factory Overhead Materials 100 110 WOW a. Record direct materials costs in the work in process account, and indirect materials costs in the factory overhead account b. Direct and indirect labor used for a compound transaction, an amount box does not require an entry leave bank Work in Process Factory Overhead Wages Payable 100 110 Feedback Cheor My W b.Record direct labor costs in the work in process account, and indirect labor costs in the factory overhead account c. Factory overhead applied to all four Jobs (a single overhead rate is used based on direct labor cost), Work in Process Factory Overhead c. Apply factory overhead based on direct labor costu d. Completion of Jobs 301 and 302 Finished Goods Work in Process Entries for Factory Costs and Jobs Completed Old School Publishing Inc., began printing operations on January 1. Jos 301 and 103 were completed during the month, and all cats licable to them were recorded on the red cost sheets Jobs 103 and 304 are still in process the end of the month, and all applicable costs except factory overhead have been recorded on the dated contests. In addition to the materials and to charged directly to the job, 5340 of indirect materials and 54,140 of indirect labor were red during the month. The cost sheets for the four sous entering production during the month was follow In summary form: Job 301 Job 302 Direct materiale 3.540 Direct materials 11,660 Direct labor 1.400 Director 700 Factory overhead 720 Factory overhead 355 Total $5,710 52.745 Job 30 Direct materials 54,800 Job 304 Direct mattis Direct labor $1,020 1.500 200 Direct labor Factory overhead Factory overhead Journal the summary entry to record each of the following operations for anuary (one entry for each operation) a. Direct and indirect maturated for compound transaction amount box does not require an entry leave it tak where in me a. Direct and indirect materials used. For a compound transaction. If an amount box does not require an entry, leave Rank Work in Process Factory Overhead Materials 100 110 WOW a. Record direct materials costs in the work in process account, and indirect materials costs in the factory overhead account b. Direct and indirect labor used for a compound transaction, an amount box does not require an entry leave bank Work in Process Factory Overhead Wages Payable 100 110 Feedback Cheor My W b.Record direct labor costs in the work in process account, and indirect labor costs in the factory overhead account c. Factory overhead applied to all four Jobs (a single overhead rate is used based on direct labor cost), Work in Process Factory Overhead c. Apply factory overhead based on direct labor costu d. Completion of Jobs 301 and 302 Finished Goods Work in Process
