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complete the general journal entries with the below transaction Jan 1 4 . Applied $ 8 0 of direct materials to job 1 2 6
complete the general journal entries with the below transaction
Jan Applied $ of direct materials to job requisition number applied factory overhead at the rate given previously and applied $ of direct labor time ticket withholding taxes at the rates given previously. This finished off the job so we transferred all costs from WIP into Finished Goods.
MORE INFO: Whenever we have direct labor we will debit Work in Process WIP for the total gross wages, credit Employees Federal Income Tax Payable for of the total direct labor, credit FICA Tax Payable for of total direct labor, and credit Salaries Payable for the difference to get total debits to equal total credits. If needed, always round your numbers to the nearest cent. If your answer goes to three decimal places, if the third number on the right of the decimal is or lower drop off the numbers and leave the number in the cent place second number as it is If the third number is or larger, round the second number up place. I.E
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