Question
Carla Vista Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,956, Work in ProcessCutting $3,422, Work in ProcessAssembly $12,508,
Carla Vista Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,956, Work in ProcessCutting $3,422, Work in ProcessAssembly $12,508, and Finished Goods $36,580. During July, the following transactions occurred.
1. | Purchased $73,750 of raw materials on account. | |
2. | Incurred $70,800 of factory labor. (Credit Wages Payable.) | |
3. | Incurred $82,600 of manufacturing overhead; $47,200 was paid and the remainder is unpaid. | |
4. | Requisitioned materials for Cutting $18,526 and Assembly $10,502. | |
5. | Used factory labor for Cutting $38,940 and Assembly $31,860. | |
6. | Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,990 and Assembly 2,022. | |
7. | Transferred goods costing $79,768 from the Cutting Department to the Assembly Department. | |
8. | Completed and transferred goods costing $159,182 from Assembly to Finished Goods Inventory. | |
9. | Sold goods costing $177,000 for $236,000 on account. |
Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
1. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
2. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
3. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
4. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
5. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
6. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
7. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
8. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
9. | enter an account title to record the cost of goods sold | enter a debit amount | enter a credit amount |
enter an account title to record the cost of goods sold | enter a debit amount | enter a credit amount | |
(To record the cost of goods sold) | |||
enter an account title to record the sale | enter a debit amount | enter a credit amount | |
enter an account title to record the sale | enter a debit amount | enter a credit amount | |
(To record the sale) |
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