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Check my worl 8 Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to
Check my worl 8 Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below.] Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows. t 3 of 4 a. Purchased raw materials on credit, $200.000. b. Materials requisitions record use of the following materials for the month. ts ok 48,000 Job 136 Job 137 32,000 19,200 22,400 Print Job 138 Job 139 eferences 128,000 19,500 Total direct materials Indirect materials $147,500 Total materials used c. Paid $15,000 cash to a computer consultant to reprogram factory equipment. d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 12,000 10,500 37,500 Job 137 Job 140 3,000 Total direct 1abor 102.000 00 Check my Job 138 37,500 Job 139 39,000 Job 140 3,000 102,000 Total direct labor Indirect labor 24,000 Total $126,000 e. Applied overhead to Jobs 136, 138, and 139. f. Transferred Jobs 136, 138, and 139 to Finished Goods. g. Sold Jobs 136 and 138 on credit at a total price of $525,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance). Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $68,000 36,500 10,000 35,000 i. Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost. Problem 19-3A Part 3 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month witha zero balance Required information 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. Work in Process Inventory Raw Materials Inventory End.bal. End.bal. Factory Overhead Finished Goods Inventory 0 End.bal. 0 End.bal. Cost of Goods Sold End bal. C2 Next> 9 of 9
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