Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead Cost to jobs on the basis of machine hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4.255.000 in manufacturing overhead cost at an activity level of 575,000 machine-hours. The company spent the entire month of January working on a large order for 12,600 custom-made machined parts. The company had no work in process at the beginning of January Cost data relating to January follow: a. Raw materials purchased on account, $314,000 b. Raw materials used in production, $271,000 (80% direct materials and 20% indirect materials) c Labor cost accrued in the factory, 5171,000 (one-third direct labor and two-thirds indirect labor). d. Depreciation recorded on factory equipment, $63,200 e. Other manufacturing overhead costs incurred on account, $84,400. 1 Manufacturing overhead cost was applied to production on the basis of 40,910 machine-hours actually worked during the month 9 The completed job for 12600 custom-made machined parts was moved into the finished goods warehouse on January 31 to awan delivery to the customer. In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and appled overhead.) Required: 1. Prepare journal entries to record items (6) through (1) above ignore Item (g) for the moment 2. Prepare T-accounts for Manufacturing Overhead and Work in Process Post the relevant items from your journal entites to these T- accounts 3. Prepare a journal entry for item (g) above. 4. 10300 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 2 Required Hequad 4 Prepare journal entries to red items (a) through () above [ignore item () for the moment] (une entry is required for a radion event electoral entry required in the first account field. Do not round intermediate calculations) Journal entry worksheet 5 e purchased account 5314,000. Required: 1. Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment). 2. Prepare T-accounts for Manufacturing Overhead and Work in Process, Post the relevant items from your journal entries to these T- accounts 3. Prepare a journal entry for item (g) above, 4.1f 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record items (a) through (t) above [ignore item (o) for the moment). (If no entry is required for a transaction/event, select "No journal entry required in the first account field, Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 4 5 Raw materials purchased on account, $314,000. Transaction General Journal Debit Credit Red 2 > Required: 1. Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment) 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entre accounts 3. Prepare a journal entry for Item (g) above. 4. If 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record items (a) through (f) above lignore item (o) for the moment). (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 05 Required: 1. Prepare journal entries to record Items (a) through (1) above [ignore item (g) for the moment). 2 Prepare T-accounts for Manufacturing Overhead and Work In Process. Post the relevant items from your journal entre accounts 3. Prepare a journal entry for item (g) above. 4. If 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record items (a) through (1) above [ignore item (9) for the moment). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 319 1 2 5 6 Labor cost accrued in the factory, $171,000 (one-third direct labor and two- thirds indirect labor), Nota: Enter debits before credits Transaction General Journal Debit Credit c Required: 1. Prepare journal entries to record items (a) through (1) above [ignore Item (g) for the moment]. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to accounts 3. Prepare a journal entry for item (g) above. 4. If 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be in cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record items (a) through () above [ignore item () for the moment]. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 2. Prepare l-accounts for Manufacturing overead and Work in Process. Post the relevant items from your journal en accounts. 3. Prepare a journal entry for item (g) above. 4. If 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost w cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record items (a) through (6) above [ignore item (g) for the moment]. (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations.) View transaction fist Journal entry worksheet 1 2 3 4 6 > Other manufacturing overhead costs incurred on account, $84,400. Note Enter det bare credits Transaction General Journal Debit Credit Body Cleary View general journal Required 2 > Required: 1 Prepare journal entries to record Items (a) through (1) above ignore item (g) for the moment 2. Prepare T-accounts for Manufacturing Overhead and Work in Process Post the relevant items from your journal entries to these T accounts 3. Prepare a journal entry for item (g) above. 4. Ir 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record items (a) through (1) above [ignore item () for the moment). (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 4 5 > Manufacturing overhead cost was applied to production on the basis of 40,910 machine-hours actually worked during the month. Notal Enterdits before credits Transaction General Journal Detit Credit Meerd Clear entry View general journal Required 2 > Dilon Products manufactures vanous machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,255,000 in manufacturing overhead cost at an activity level of 575,000 machine-hours. The company spent the entire month of January working on a large order for 12,600 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow a. Raw materials purchased on account, $314,000 b Raw materials used in production, $271,000 (80% direct materials and 20% indirect materials). c Labor cost accrued in the factory, 5171,000 (one-third direct labor and two-thirds Indirect labor) d. Depreciation recorded on factory equipment, $63,200 e. Other manufacturing overhead costs incurred on account, $84.400 Manufacturing overhead cost was applied to production on the basis of 40,910 machine-hours actually worked during the month. g. The completed job for 12,600 custom-made machined parts was moved into the finished goods warehouse on January 31 to awalt delivery to the customer in computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overhead) Required: 1 Prepare journal entries to record items (a) through it) above ignore item (g) for the moment). 2. Prepare T-accounts for Manufacturing Overhead and Work in Process Post the relevant items from your journal entries to these T. 3. Prepare a journal entry for item (g) above, 4 10100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? accounts Complete the question by entering your answers in the tabs below. Required 1 Raquel required Required 4 Prepare accounts for Manufacturing Overhead and Work in Process Post the relevant items from your journal entries to these T Mansacturing Overhead Work in Process E B End Bal Required: 1. Prepare journal entries to record Items (a) through (1) above [ignore Item (g) for the moment) 2. Prepare T-accounts for Manufacturing Overhead and Work In Process Post the relevant items from your journal entries to these T- accounts: 3. Prepare a journal entry for item (g) above 4. i 10100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 2 Required 4 Prepare a journal entry for item (g) above. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 Record the entry to transfer from WIP to Finished goods. General Journal Debit Credit Required 2 Heged> Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,255,000 in manufacturing overhead cost at an activity level of 575,000 machine-hours. The company spent the entire month of January working on a large order for 12,600 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow; a. Raw materials purchased on account, $314,000. b. Raw matertals used in production, $271,000 (80% direct matertals and 20% indirect materials). c Labor cost accrued in the factory. $171.000 (one-third direct labor and two-thirds indirect labor) d. Depreciation recorded on factory equipment, $63,200. e. Other manufacturing overhead costs incurred on account, $84.400. f. Manufacturing overhead cost was applied to production on the basis of 40,910 machine-hours actually worked during the month g The completed job for 12,600 custom-made machined parts was moved into the finished goods warehouse on January 31 to await delivery to the customer. In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overhead.) Required: 1. Prepare Journal entries to record items (a) through () above [ignore Item (g) for the moment). 2. Prepare T-accounts for Manufacturing Overhead and Work in Process Post the relevant items from your journal entries to these T- 3. Prepare a journal entry for item (g) above 4.1 10100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost wil be included in cost of goods sold for February? accounts Complete the question by entering your answers in the tabs below. Required: Required 2 Required a Required 4 If 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? (Round your intermediate calculations to 2 decimal places and final answer to the neatest whole dollar amount.) anos cost inched in cool of goods sold