Chapter M:2 HW

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Raw Materials Inventory, beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil, on account Material requisitions: Canvas Sewing machine lubricating oil Mountain Packs manufactures backpacks. Its plant records include the following materials-related data: Click the icon to view the transactions.) Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory. Journalize the entries to record the transactions. Begin by recording the journal entry for the purchases of materials. (Record debits rst, then credits. Select the explanation on the last line of the journal entry table.) I Credit Accounts and Explanation Journalize the following labor-related transactions for Portland Crystal at its plant in Portland, Oregon. Assume that the labor has been incurred, but not yet paid. Plant janitor's wages $ 580 Plant furnace operator's wages 950 Glass blower's wages 80,000 . . . . . Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound journal entry.) Date Accounts and Explanation Debit CreditX Data Table Date Total Cost of Job Job No. Started Finished Sold at June 30 Job No. 1 May 21 June 16 June 17 $ 3,200 Job No. 2 May 29 June 21 June 26 13,400 Job No. 3 June 3 July 11 July 13 6,900 Job No. 4 June 7 June 29 July 1 4,500Root Trailers' job cost records yielded the following information: (Click the icon to view the job cost information.) Use the dates above to identify the status of each job. Compute the following balances for Root: a. Work-in-Process Inventory at June 30 b. Finished Goods Inventory at June 30 c. Cost of Goods Sold for June . . . . . Begin by identifying the status of each job. Job Date Total Cost of Job Status of Job at No. Started Finished Sold at June 30 June 30 1 May 21 June 16 June 17 $ 3,200 2 May 29 June 21 June 26 13,400 3 June 3 July 11 July 13 6,900 4 June 7 June 29 July 1 4,500Data Table Wood $ 230,000 Nails, glue, stain 26,000 Depreciation on saws 4,900 Indirect manufacturing labor 35,000 Depreciation on delivery truck 1,900 Assembly-line workers' wages 59,000 Oak Outdoor Fumiture manufactures wood patio furniture. If the company reports the following costs for June 2024, what is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Assume that the labor has be n incurred, but not yet paid. Prepare journal entries for overhead costs incurred in June. Click the icon to view the costs.) What is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Enter the costs and calculate the balance ("Ball") of the Manufacturing Overhead T-accountt Manufacturing Overhead