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Docks Transport assembles prestige manufactured homes. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead
Docks Transport assembles prestige manufactured homes. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted $21 per machine-hour in 2020). The following data (in millions) show operation costs for 2020: (Click the icon to view the operations data (in millions). Read the requirements. } (1) H Direct Costs I Accounts Direct Materials Direct Manufacturing J Labor Requirement 2 and 3. Prepare journal entries. The entries have been numbered for you. Explanations for each entry may be omitted. Post to T-accounts. What is the ending balance of Work-in-Process Control? Show the journal entry for adjusting for under- or overallocated manufacturing overhead directly as a year-end writeoff to Cost of Goods Sold. Post all the entry to T-accounts. Record the purchase of materials, $154. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry .... Debit Credit (In millions)
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