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Current Attempt in Progress Coronado Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. Purchased raw materials on account $53,000. Raw Materials of
Current Attempt in Progress Coronado Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. Purchased raw materials on account $53,000. Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,400 was classified as indirect materials. Factory labor costs incurred were $61,300. Time tickets indicated that $54,300 was direct labor and $7,000 was indirect labor. Manufacturing overhead costs incurred on account were $82,000. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $92,200 were completed and transferred to finished goods. Finished goods costing $80,900 to manufacture were sold. 7. 8. Record the transactions. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) Record the transactions. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses eg. (45).) Manufacturing Costs Raw Materials Inventory $ Factory Labor Manufacturing Overhead 1. Purchased raw materials $ $ 2. Direct materials 28700 2. Indirect materials D 3. Incurred factory labor 4 Direct labor Vi Dre 4. Indirect labor 5. Overhead costs incurred Qu Acco 6. Assigned overhead 7. Completed goods Que Accou Dropd 8. Goods sold Ques Record the transactions. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses eg.(45)) Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Manufacturing Overhead $ $ $ $
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