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Barker Products is a job shop: The following events occurred in September: 1. Purchased $13,400 or materials on account. 2 Issued $14,900 in direct maternals
Barker Products is a job shop: The following events occurred in September: 1. Purchased $13,400 or materials on account. 2 Issued $14,900 in direct maternals to the production department. 3. Purchased $11,400 of materials on account. 4. Issued $920 of supplies from the materials inventory. 5. Paid for the materlals purchased in transaction (1). 6. Pald $19,600 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 7. Incurred direct labor costs of $22,800, which were credited to Wages Payable. 8 . Issued $1,320 of supplies from the materlals inventory. 9. Applied overhead on the basis of 85 percent of $22,800 direct labor costs. 10. Recognized depreciation on manufacturing property, plant, and equipment of $12,000. The following balances appeared in the accounts of Barker Products for September: Required: a. Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the period from Materials inventory through Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the transactions. Prepare journal entries to record the transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field
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