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can someone please help me with this question? I need help in some parts only! thank you Mountain Manufacturing Company produces custom stamped metal parts

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Mountain Manufacturing Company produces custom stamped metal parts for a variety of customers in Western Canada. During January, the company had two jobs in process. Job A was an order for 1.200 stamped parts and was started in December. Job Ahad $12.000 of manufacturing costs already accumulated on January 1. Job was an order for 1000 stamped parts and was started in January The company used a job-order costing system. Total manufacturing overhead for the year was estimated to be $576,000, Mountain Manufacturing uses direct labour-hours as the allocation base to establish its predetermined overhead rate. A total of 19.200 direct labour hours are expected to be worked during the year. On January 1, the start of the company's fiscal year, inventory account balances were as follows: Raw Materials Work in Process Finished Goods $15,000 $12,000 $10,000 During the month of January, the following transactions were completed a. Raw materials were purchased for $30,000 b. Raw materials were requisitioned for use in production in the amount of $35,000. Of this amount. $25.000 was related to manufacturing (55,000 for Job A and $20,000 for Job B) and the rest were Indirect materials c. In January, $32,000 of direct tabour ($7.000 for Job A and $25,000 for Job B). In addition, $2.000 of indirect labour costs were Incurred. d. In January, the company incurred the following general factory costs: Utilities expense of $8,000, rent on factory equipment of $8,000, and insurance costs of $1900 e. The company recognized $10,000 in depreciation on factory equipment. The company applied manufacturing overhead to Job A and Job B. A total of 350 direct labour hours were spent completing JobA incurred. d. In January, the company incurred the following general factory costs: Utilities expense of $8.000, rent on factory equipment of $8.000, and insurance costs of $1,900, e. The company recognized $10,000 in depreciation on factory equipment f. The company applied manufacturing overhead to Job A and Job B. A total of 350 direct labour hours were spent completing JobA and 1.250 direct labour-hours were recorded for Job B. 9. Administrative salaries of $30,000 were paid in January h. Selling expenses totalled $6.000 in January Job A was completed in January. The completed cost of Job A according to the job cost sheet was $34.500. Job Bremains in process at the end of January Sales of all 1.200 units in Job A were recorded on account in the amount of $48.300 in January Required: 1. Prepare Journal entries to record the transactions for January. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Transaction General Journal Debit Credit 1 a 30,000 Raw materia Accounts payable 30.000 2 b Work in process Manufacturing overhead 25,000 10.000 2. Prepare T-accounts. Determine ending balances in the inventory accounts and in the Manufacturing Overhead account Answer is not complete. Accounts Receivable 48,300 Bog Bal Beg Bal 35.000 Raw Materials 15,000 30.000 10.000 End Bal 48300 End Bal Bog Bar 34.500 Beg Bal Work in Process 12.000 25.000 32.000 48.000 82.500 34,500 Finished Goods 10.000 34.500 10,000 . End Bal End Sal Beg Bal Beg Ba Manufacturing Overhead 10.000 48.000 3 2.000 17 000 10,000 Accounts Payable 30.0003 34000 17 000 6000 3 Salaries & Wages Payable 54 000 Beg Bal Salaries Expense 30,000 X Beg Bail End Bal 30.000 End Bat 54000 Sales 48,300 Beg Bal Cost of Goods Sold 34 500 Beg Bal End Bal 48.300 End. Bal 34 500 Accumulated Depreciation 10 000 $ Beg Bal Beg Bal Selling Expenses 6,000 End Bal 10.000 End Bal 6000 40. Prepare a journal entry to properly dispose of any balance in the Manufacturing Overhead account. (If no entry is required for a transaction event, select "No journal entry required" in the first account field.) No Event General Journal Debit Credit 4b. Determine the adjusted Cost of Goods Sold. The adjusted Cost of Goods Sold 5. Prepare an income statement for the month of January $ Answer is complete but not entirely correct. Mountain Manufacturing Company Income Statement For the Month ended January 31 Sales 48,300 Cost of goods sold 34.500 Gross margin 13,800 Selling and administrative expenses Salarios expense S 30,000 Depreciation 10,000 40,000 Operating loss IS (26,200) > XS

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