(c) Requisitioned direct materials in manufacturing. (d) Depreciation of manufacturing equipment used on different chalets, $6,300. Sunset Homes manufactures profabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in which each chalet is a job. The following events ocearred during May (Click the icon to view the events) Read the ceavitements. Requirement 2 . Post the approphate entries to the T-accounts, identifying each entry by letter. Determine the ending account balances, astuming that the beginning balances were zero. Identify ite ending account balanco with the "Bar reterence on the applicable sidte of the account ending account balance with the "Bar reterence on the applicable side of the accourt. Get more help. Read the requirem h. A. Next, record the co Requirement 2. Pd ending account bal Work in Prd a. Purchased materials on account, $400,000. b. Incurred total manufacturing wages of $111,000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows: c. Requisitioned direct materials in manufacturing as follows: d. Depreciation of manufacturing equipment used on different chalets, $6,300. c. Other overhead costs incurred on Chalets 13-16: f. Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost. g. Chalets completed: 13,15 , and 16 . h. Chalets sold on account: 13 for $92,000 and 16 for $147,000. pes, assuming Get more help Requirement 1. Record the events in the general joumal. (Record debits first, then credits. Exclude explanations from any journal entries) Start with the entry from event (a). Purchased materials on account, $400,000. (b) Incurred total manufacturing wages of $111,000, which included both direct labor and indirect labor. (e) Other overhead costs incurred on Chaiets 1316 (f) Alocated overhead to jobs at the predetermined fate of 60% of direct labor cost. Requirements 1. Record the preceding events in the general journal. 2. Post the appropriate entries to the T-accounts, identifying each entry by letter. Determine the ending account balances, assuming that the beginning balances were zero. 3. Summarize the job costs of the unfinished chalet and show that this equals the ending balance in Work in Process Inventory. 4. Summarize the job cost of the completed chalet that has not yet been sold and show that this equals the ending balance in Finished Goods Inventory. 5. Compute the gross profit on each chalet that was sold. What costs must the gross profit cover for Sunset Homes? Sunset Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost systom in which each chalet is a job. T during May: Click the lcon to view the events.) Read the requirements. (g) Chaiets completed: 13,15 , and 16 . (h) Chalets sold on account 13 for $92,000 and 16 for $147,000. First record the sale of the chalets. Next, record the cost of goods sold
