Doody

Doody Ltd. manufactures and installs kitchen cabinetry. It uses normal job costing with two direct cost categories(direct materials and direct manufacturinglabour) and one indirect cost pool for manufacturing overhead(MOH), applied on the basis ofmachine-hours (MH). At the beginning of theyear, the company estimated that it would work 990 comma 000

990,000 MH and had budgeted $74 comma 500 comma 000

74,500,000 for MOH. The following data(in $millions) pertain to operations for the year 2019

2019:

Requirement 1 and 2. Prepare general journal entries. Post toT-accounts. What is the ending balance ofWork-in-Process Control? Show the journal entry for disposing ofover- or underallocated manufacturing overhead directly as ayear-end write-off to Cost of Goods Sold. Post the entry toT-accounts. (Record debitsfirst, then credits. Explanations are notrequired.)

Record the purchase ofmaterials, $ 245

$245 million.

$