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Cecconi Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of
Cecconi Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $85,500. b. Raw materials purchases in April are $502,200, and total factory payroll cost in April is $375,100. c. Actual overhead costs incurred in April are indirect materials, $51,100; indirect labor, $24,100; factory rent, $33,100; factory utilities, \$20,100; and factory equipment depreciation, $53,200. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $620,000 cash in April. Complete this question by entering your answers in the tabs below. Prepare journal entries for the month of April's transactions. Journal entry worksheet Note: Enter debits before credits. Prepare journal entries for the month of April's transactions. Journal entry worksheet epare journal entries for the month of April's transactions. Journal entry worksheet c. Record direct labor used (and paid in cash) and assigned to Work in Process Inventory. Note: Enter debits before credits. repare journal entries for the month of April's transactions. Journal entry worksheet d. Record the indirect materials used and assigned to Factory Overhead. Note: Enter debits before credits. Prepare journal entries for the month of April's transactions. Journal entry worksheet e. Record the indirect labor used (and paid in cash) and assigned to Factory Overhead. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare journal entries for the month of April's transactions. Journal entry worksheet f. Record the overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare journal entries for the month of April's transactions. Journal entry worksheet
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