D K Enterprises makes wicker baskets During the month of August, the company had four job orders 501, 502, 503, and 504 Overhead was applied at predetermined rates, while actual factory overhead was recorded as incurred All four jobs were completed Transactions (a) Purchased raw materials on account, $44,000 (b) Issued direct materials to production Job No 501 $8,200 Job No 502 9,100 Job No 503 7,300 Job No 504 8,500 (c) Issued indirect materials to production, $5,000 (d) Incurred direct labor costs Job No 501 $4,800 Job No 502 4,100 Job No 503 4,800 Job No 504 5,000 (e) Charged indirect labor to production, $3,300 (f) Paid electricity, heating oil, and repair bills for the factory and charged to production, $5,200 (g) Applied factory overhead to each of the jobs using a predetermined factory overhead rate as follows Job No 501 $3,100 Job No 502 3,300 Job No 503 3,300 Job No 504 3,800 (h) Finished Job Nos 501 504 and transferred to the finished goods inventory account as products W, X, Y, and Z, respectively (i) Sold products W, X, Y, and Z for $17,500, $18,000, $16,900, and $19,000, respectively Prepare general journal entries to record transactions (a) through (i) Make compound entries for (b), (d), and (g), with separate debits for each job Make separate entries for each transfer and sale Prepare four entries for (h) and eight entries for (i) PAGE 1 GENERAL JOURNAL Score 259 284 DATE ACCOUNT TITLE POST REF DEBIT CREDIT Aug 31 Materials 44,000 00 N Accounts Payable 44,000 00 Aug 31 Cash 5,200 00 A Aug 31 Work in Process (Job No 501) 8,200 00 Work in Process (Job No 502) 9,100 00 Work in Process (Job No 503) 7,300 00 7 Work in Process (Job No 504) 8,500 00 Materials 33,100 00 Aug 31 Factory Overhead 5,000 00 10 Materials 5,000 00 11 Accounts Payable 28,100 00 12 Aug 31 Wages Payable V 13 Factory Overhead 14 Aug 31 Work in Process (Job No 501) 3,100 00 15 Work in Process (Job No 502) 3,300 00 16 Work in Process (Job No 503) 3,300 00 17 Work in Process (Job No 504) 3,800 00 18 Factory Overhead 13,500 00 19 Aug 31 Work in Process (Job No 501) 4,800 00 20 Work in Process (Job No 502) 4,100 00 21 Work in Process (Job No 503) 4,800 00 22 Work in Process (Job No 504) 5,000 00 23 Wages Payable 18,700 00

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D & K Enterprises makes wicker baskets. During the month of August, the company had four job orders: 501, 502, 503, and 504. Overhead was

D & K Enterprises makes wicker baskets. During the month of August, the company had four job orders: 501, 502, 503, and 504. Overhead was applied at predetermined rates, while actual factory overhead was recorded as incurred. All four jobs were completed.

Transactions:
(a)	Purchased raw materials on account, $44,000.
(b)	Issued direct materials to production:
	Job No. 501:	$8,200
	Job No. 502:	9,100
	Job No. 503:	7,300
	Job No. 504:	8,500
(c)	Issued indirect materials to production, $5,000.
(d)	Incurred direct labor costs:
	Job No. 501:	$4,800
	Job No. 502:	4,100
	Job No. 503:	4,800
	Job No. 504:	5,000
(e)	Charged indirect labor to production, $3,300.
(f)	Paid electricity, heating oil, and repair bills for the factory and charged to production, $5,200.
(g)	Applied factory overhead to each of the jobs using a predetermined factory overhead rate as follows:
	Job No. 501:	$3,100
	Job No. 502:	3,300
	Job No. 503:	3,300
	Job No. 504:	3,800
(h)	Finished Job Nos. 501-504 and transferred to the finished goods inventory account as products W, X, Y, and Z, respectively.
(i)	Sold products W, X, Y, and Z for $17,500, $18,000, $16,900, and $19,000, respectively.

Prepare general journal entries to record transactions (a) through (i). Make compound entries for (b), (d), and (g), with separate debits for each job. Make separate entries for each transfer and sale. Prepare four entries for (h) and eight entries for (i).

PAGE 1 GENERAL JOURNAL Score: 259/284 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT Aug. 31 Materials 44,000.00 N Accounts Payable 44,000.00 Aug. 31 Cash 5,200.00 A Aug. 31 Work in Process (Job No. 501) 8,200.00 Work in Process (Job No. 502) 9,100.00 Work in Process (Job No. 503) 7,300.00 7 Work in Process (Job No. 504) 8,500.00 Materials 33,100.00 Aug. 31 Factory Overhead 5,000.00 10 Materials 5,000.00 11 Accounts Payable 28,100.00 12 Aug. 31 Wages Payable V 13 Factory Overhead 14 Aug. 31 Work in Process (Job No. 501) 3,100.00 15 Work in Process (Job No. 502) 3,300.00 16 Work in Process (Job No. 503) 3,300.00 17 Work in Process (Job No. 504) 3,800.00 18 Factory Overhead 13,500.00 19 Aug. 31 Work in Process (Job No. 501) 4,800.00 20 Work in Process (Job No. 502) 4,100.00 21 Work in Process (Job No. 503) 4,800.00 22 Work in Process (Job No. 504) 5,000.00 23 Wages Payable 18,700.00