Braddon Company uses normal costing in its job-costing system. The company produces custom bikes for toddlers. The beginning balances (December 1) and ending balances (as of December 30) in their inventory accounts are as follows: (Click the icon to view the data.) i (Click the icon to view the additional information.) Read the requirements. More info ----- LONIL (1a) Work-in-Process Control Manufacturing Overhead Control Wages Payable Control 4,150 1,250 5,400 VICMIL Data table Additional information follows: a. Beginning Balance 12/1 Ending Balance b. 12/30 C. Direct materials purchased during December were $66,000. Cost of goods manufactured for December was $231,000. No direct materials were returned to suppliers. Materials Control 1,800 Now prepare the journal entry to allocate manufacturing overhead. Journal Entry Work-in-Process Control Manufacturing Department Overhead Control 6,400 $ 8,200 8,700 d. No units were started or completed on December 31 and no direct material were requisitioned on December 31. e. Accounts Debit Credit Finished Goods Control 0 4,100 92,500 19,100 f. The manufacturing labor costs for the December 31 working day: direct manufacturing labor, $4,150, and indirect manufacturing labor, $1,250. Manufacturing overhead has been allocated at 150% of direct manufacturing labor costs through December 31. (1b) Work-in-Process Control 6,225 Manufacturing Overhead Allocated 6,225 Requirement 2. Use T-accounts to compute the following transactions. (Click the icon to view the transactions.) Print Done Print Done For direct labor and manufacturing overhead in the Work-in-Process account, enter the amounts for 12/30 and 12/31 separately to get the correct ending balance for each date. (Abbreviation used: MOH = Manufacturing overhead; Materials req. = Materials requisitioned; COGM = Cost of goods manufactured; COGS = Cost of goods sold.) Materials Control 1,800 Work-in-Process Control Requirements 12/1 Bal. 12/1 Bal. 6,400 Materials req. 59,600 Purchases 66,000 Materials req. 59,600 Direct labor MOH allocated 69,480 2. Use T-accounts to compute the following: 104,220 COGM 231,000 1. Prepare journal entries for the December 31 payroll. a. The total amount of materials requisitioned into work-in-process during December 12/31 Bal. 8,200 12/31 Bal. 12/30 Bal. Direct labor 8,700 4,150 12/30 Bal. b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) C. Finished Goods Control MOH allocated 6,225 12/1 Bal. 4,100 12/31 Bal. 19,075 12/31 Bal. e. The total amount of manufacturing overhead recorded in work-in-process during December d. Ending balance in work-in-process, December 31 Cost of goods sold for December before adjustments for under- or overallocated manufacturing overhead 3. Prepare closing journal entries related to manufacturing overhead. Assume that all under- or overallocated manufacturing overhead is closed directly to Cost of Goods Sold. COGM 231,000 COGS 216,000 12/31 Bal. 19,100 12/31 Bal. In the previous step you answered a, d, and e. Now enter in the total calculations for b and c. b. The total amount of direct manufacturing labor recorded in work in process during December = Print Done