Barker Pyoducis is a job thop, The followid events occurred in 5 ermember 1. Purchased \$714, 900 of materiats on account. 2. Issued $16. 400 in direct materinis to the beoduction department: 3. Purchased 112,900 of materith on isccount 4. Issued 599 ti of supplies from the materials inventory. 5. Paid for the meteriain purchased in transaction (10. 7. incurted difect lateor costs of 525.000, Which were credited to Wages Payable. 8. issued $1,395 of stapplies trem the materiais imventory. 9. Applied overhead on the basis of 85 percent of $25.300 difect labor costs. 10. Recogntred depreciation on manvecturing property, piant, and equipmert of $13,500 The foliowing balances appeared in the accounts of Barker Products for Segtember: Required: a. Prepare joumal 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 Soid. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record the transactions. Vote: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet Inurnal entrv worksheet Notei Enter debits before credits. Journal entry worksheet Issued $995 of supplies from the materials inventory. Note: Enter debits before credits. Journal entry worksheet Paid for the materials purchased in transaction (1). Notet Enter debits before credits. Journal entry worksheet Paid 525,800 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. Note: Enter debits beforn credits, Journal entry worksheet Incurred direct labor costs of $25,800, which were credited to Wages Payable, Noter: Enter debits before credits. Journal entry worksheet Journal entry worksheet Applied overhead on the basis of 85 percent of $25,800 direct labor costs. Notel Enter debits before credits Journal entry worksheet Note i Puter debits before gredits 2 nunn quired A. Required at pare T-accounts to thow the flow of costs during the period from Materiats thventory through Cost of Goods Sold. ning baiance Barker Pyoducis is a job thop, The followid events occurred in 5 ermember 1. Purchased \$714, 900 of materiats on account. 2. Issued $16. 400 in direct materinis to the beoduction department: 3. Purchased 112,900 of materith on isccount 4. Issued 599 ti of supplies from the materials inventory. 5. Paid for the meteriain purchased in transaction (10. 7. incurted difect lateor costs of 525.000, Which were credited to Wages Payable. 8. issued $1,395 of stapplies trem the materiais imventory. 9. Applied overhead on the basis of 85 percent of $25.300 difect labor costs. 10. Recogntred depreciation on manvecturing property, piant, and equipmert of $13,500 The foliowing balances appeared in the accounts of Barker Products for Segtember: Required: a. Prepare joumal 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 Soid. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record the transactions. Vote: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet Inurnal entrv worksheet Notei Enter debits before credits. Journal entry worksheet Issued $995 of supplies from the materials inventory. Note: Enter debits before credits. Journal entry worksheet Paid for the materials purchased in transaction (1). Notet Enter debits before credits. Journal entry worksheet Paid 525,800 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. Note: Enter debits beforn credits, Journal entry worksheet Incurred direct labor costs of $25,800, which were credited to Wages Payable, Noter: Enter debits before credits. Journal entry worksheet Journal entry worksheet Applied overhead on the basis of 85 percent of $25,800 direct labor costs. Notel Enter debits before credits Journal entry worksheet Note i Puter debits before gredits 2 nunn quired A. Required at pare T-accounts to thow the flow of costs during the period from Materiats thventory through Cost of Goods Sold. ning baiance
