COWO apter 16 Mastery (Mastery) Purt of Great Price Company Maria Young as the file holder or to creatic Company (ProCr Camer), which produces high-end ruited me and water ints for wel alles. The company wanted in anuary of the current and employs there of whom work 46 hours per week) and one office manager/keting supervisorse works 20 hours per office meet and 30 hours per we riting server we are gold in can at the end of each month Eachter has a wing machine that is used about 2/3 of the time, the rest of the winter time being involved in and anting and long together the garments. The company chang machine used to wrap the garments in plastic for sing, which is corted by the office manager at hours per week The initting machines were purchased on January 20 the current year, and cout 62,400 each, with anticated were er 10 years and no malvage value. The packaging machine was purchased on the same dels and cont 4,800, with the same anticipated see and salvage value Nov. 30 Trial Balance POGP Company Trial Balance November 30, 2018 Account Title Credit Cash Debit 20,000 1,000 200 5.000 54404 12.000 Accounts Receive Supplies Materials Work in Process Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained tarnings Dividends 825 150 10,000 12.000 13.090 Chapter 16 Mastery (Mastery) Dividends 18,096 507,500 Cost of Goods Sold 255,040 Pactory Overhead 15 Wages Expense 13.750 330,490330,490 Predetermined Factory Overhead Rate Since the company is more reliant on or than machines, Maria decides to use direct labor hours (DH) as the these for her brotamine tory weet, rather than machinehous(). Estimated Selected Amounts for the Year stimated depreciation on equipment $1,200 Estimated totalme Manager/Knitting Supervisor wages $30,000 Estimated office is $6,000 Estimated factory inties $4,500 Estimated factory rent $24,000 Activity Base Data Estimated number of DLH for the year 5,250 Estimated number of for the year 4.375 Compute the predetermind factory overhead rate for the current year, $7.20 per DLHV Check Review the denone of items that are oude in tactory overhead for the computation of sted actory over costs Check My Workmore Check My Work uses remaining Chapter 16 Mastery (Mastery) Materials Requisition Reg. No. 12255 Job No. 83 Date: Dec. 10 Description Qty. Issued Unit Price Amount Yarn type B 700 skeins $5 $3,500 Total issued $3,500 Time Ticket No. 1255 Name: Susan Blake Work Description: Knitting/piecing Dates Job No. Hours Worked Unit Price Amount 12/01-12/15 62 65 $20 $1,300 12/16-12/31 83 103 20 2,060 Total Cost $3,360 Time Ticket No. 2274 Name: Josh Porter Work Description: Knitting/piecing Dates Job No. 12/01-12/15 62 12/16-12/31 83 Hours Worked Unit Price Amount 75 $20 $1,500 88 20 1,760 Total Cost $3,260 Name: Time Ticket No. 3923 Work Description: Knitting/plecing Mary Jones Dates Job No. Hours Worked Unit Price Amount 12/01-12/15 62 60 $20 $1,200 Chapter 16 Mastery (Master) 12/16-12/11 83 109 20 2.100 Total Cost 12.00 Job Cow Shouts on December 10, POGF Comoror 200 water and into the order where to the other On December 15, review the time to the amount of rectory over to the other On December 3, the day of the year to enterrein Time Tickets are our free and factory overhead come to restore December 16 thrown December the amount or an amount of retired, round your awes to the nearestent Job 2 San Direct Materials Direct Labor Factory Overhead Total sace Oct $300 5104 15.404 Dec 15 100 15.000 Total Cout Un Cou Job 3 200 Sweatvest Direct Materials Direct Lahor Factory Overhead Total Job Cost 30 $0 50 $0 Balance Dec. 1 De 10 Dec 31 Total Cost Check My Work Check My Women marco Land Smit Agent for Grading Assignment or 411 Chapter 16 Mastery (Mastery Journal On December 10, POGB Company receives an order for 200 sweater vests and assigns Job 33 to the order view the Materials tequisition table tjera the entry to record the addition of tre meters to work in process. If an amount box does not require an entry leave tank Dec 10 The about our and Drentsed by the on December 15, review the Time Ticket tables to fourrure the entry to record the date of director to Work in Process for the period December 1 through December 15. an amount or does not require an entret blank Dec 15 88 On December 5.view the Time Tide table to journalce the entry to record the addition of factory overed to work in Process for the period December through December 15. an amount box does not mere her love bank Dec 15 00 00 Check My Work more Check Myang Emainstructor Save and be submit Asignment for Grading Assignment Score: 4.17 NOW Chapter 16 Mastery (Mastery) Www Income On December 21, Jab ole computed. Hview the Son Cot Shots and your journal Journals the entry to cated out to the freshes good count on wount boxer not reques entry leave thank Dec. 21 -88 TO Income ing transactions On December 22, 75 of the 100 sters from Job 62 are sold on account for $125 each Journaline the The entry to record the sale D. The entry to record the transfer of costs from Finished Goods to cost of Goods Sold an amount bow does not require an entry, love it blank Dec 22 Dec 22 Check My Work more Crack My Wong Emain Save and Submit Assignment for Grading Wonin Low Barry Your Chapter 16 Mastery (Mastery) On December 31, the last work day of the year for the knitters, review the Time Ticket tables to Journalise the entry to record the otion of orect labor to Work in Procons for the period December 16through December 31.1f an amount box does not require an entry leave it bank Dec 31 88 Cher Incorrect On December 31, the last work day of the year for the knitters, review the Time Ticket tables to journale the entry to record the addition of factory overhead to Work in Process for the period December 16 through December 31. If an amount box does not require an entry, leave it blank. Dec. 31 88 YOW correct On December 31, umale the following transactions. Note that expenses (b), (c), and (d) were paid in cash a. One month's depreciation on wouiment b. One month's payroll for all employees c. One month's rent of $2,000 d. One month's factory Utilities of $1,275 Wanabunt box does not in an entry blank Check My Work For Check My Working Emain Save and tak Submit Assignment for at signment Score: 4.17% Wonin Low Battery Wu Chapter 16 Mastery (Mastery) Iran amount box does not require an entry, love it blank Des 31 Own Income On December 31, prepare the journal entry to dispose of the balance in the factory overhead account. If an amount or does not require an entry leave it Dec 31 Factory Overhead X Cost of Goods Sold x Chucky Partially corect Final Question What are the balance in the following accounts as of December 317 If an amount is to enter" Materials 2,000 x Work in Process 10.560 x Check My Work 5 more Check My Works remaining Emalier Stand Submit igen for Feedback Check My Work Partially correct Final Question What are the balances in the following accounts as of December 317 If an amount is zero, enter "o". Materials 2,000 X Work in Process 10,560 X Finished Goods 2,611 Factory Overhead 0 Cost of Goods Sold 264,363 X Feedback Check My Work Create accounts and post the beginning balances from the Nov. 30 Trial Balance panel. Then post your journal entries to get the Dec 31 account be Feedback Check My Work Partially correct