Events

a$.$ Purchased materials on account, $$490,000.$

b$.$ Incurred total manufacturing wages of $$111,000,$ which included both direct labor and indirect labor. Used direct labor in manufacturing as follows:

$\backslash$table$[[,$Direct Labor$],[$Chalet $13$dotsdotsdotsdots,$14,600,,],[$Chalet $14$dotsdotsdotsdots,$28,300,,],[$Chalet $15$dotsdotsdots,$19,300,,],[$Chalet $16$dotsdotsdots,$21,900,,]]$

c$.$ Requisitioned direct materials in manufacturing as follows:

$\backslash$table$[[,$Direct Materials$],[$Chalet $13$dotsdotsdotsdots,$41,000,],[$Chalet $14$dotsdotsdotsdotsdots,$56,900,],[$Chalet $15$dotsdotsdotsdots,$62,500,],[$Chalet $16$dotsdotsdotsdots,$66,200,]]$

d$.$ Depreciation of manufacturing equipment used on different chalets, $$6,500.$

e$.$ Other overhead costs incurred on Chalets $13-16$:

Equipment rentals paid in cash $......$ $ $10,200$

Prepaid plant insurance expired $.....$ $ $$,000$

f$.$ Allocated overhead to jobs at the predetermined rate of $60\%$ of direct labor cost.

g$.$ Chalets completed: $13,15,$ and $16.$

h$.$ Chalets sold on account: $13$ for $$98,000$ and $16$ for $$149,000.$

Superior Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in which each chalet is a job. The following events occurre during May:

View the events.

Read the requirements.

Requirement $1.$ Record the events in the general journal. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

Start with the entry from event $($a$).$ Purchased materials on account, $$490,000.$

$($b$)$ Incurred total manufacturing wages of $$111,000,$ which included both direct labor and indirect labor.

$($c$)$ Requisitioned direct materials in manufacturing.

$\backslash$table$[[$Journal Entry$],[$Date$,$Accounts,Debit,Credit$],[$c$.,.,,]]$