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Due ASAP. Accounting 221. ! question. Dues asap.Need help. On January 1, 2017, Alpha Company had Job A1 with an accumulated total cost of $37,800
Due ASAP. Accounting 221. ! question. Dues asap.Need help.
On January 1, 2017, Alpha Company had Job A1 with an accumulated total cost of $37,800 as part of its beginning WIP balance. On January 15, $9,000 of direct materials was requisitioned into Job A1 and $7,000 of direct material was requisitioned into Job B2. Alpha applies manufacturing overhead on the basis of $35 per machine hour. As of January 18, Job A1 used 160 machine hours and Job B2 used 150 machine hours. January 19 payroll records recorded 300 hours of direct labor was charged to Job A1 job at $40 per hour and 200 hours of direct labor was charged to Job B2 at $30 per hour. Job A1 was completed on January 20. Use this information to prepare the January General Journal entries, without explanations, for all January 2017 transactions noted. (Round any final dollar answers to the nearest whole dollar. Include individual job numbers in account titles as may be needed.): General Journal: Date Accounts 1/15/17 Work in Process Raw Material Inventory 1/18/17 Work in Process Factory Overhead 1/19/17 Work in Process Wages Payable 1/20/17 Finished Goods Inventory Work in Process Debit CreditStep by Step Solution
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