Flow of Product Costs through Accounts The following T accounts present a cost flow in which all or part of typical manufacturing transactions are indicated by parenthetical letters on the debit or credit side of each account. Materials Inventory (a) (c) Wages Payable (i) (b) (d) Manufacturing Overhead (b) (1) (C) (d) (e) Work in process Inventory (C) (d) (f) Finished Goods Inventory g) (h) Cost of Goods Sold (h) 1 Next to each letter below, select the appropriate transaction or procedure that has occurred using the drop-down menu. Then present the general journal entry for each by selecting the appropriate debit and credit entries. a. Purchase of materials Debit Credit Description Materials inventory Accounts payable b. Employee wages earned Debit Credit Description Manufacturing overhead Wages payable - C. Requisition of direct and indirect materials Debit Credit Description Work in process inventory Manufacturing overhead Materials inventory d. Assignment of direct and indirect labor costs Debit Credit Description Work in process inventory Manufacturing overhead Wages payable e. Manufacturing overhead applied Description Debit Credit Accounts payable f. Other manufacturing overhead incurred Debit Credit Description Work in process inventory Manufacturing overhead > g. Production completed Debit Credit Description Finished goods inventory Work in process inventory + > > h. Description Debit Credit To transfer cost to expense. > To record sale of goods. i. Description Debit Credit Please answer all parts of the question. > h. Assignment of direct and indirect labor costs Employee wages earned Finished goods sold Manufacturing overhead applied Other manufacturing overhead incurred i. Production completed Purchase of materials Requisition of direct and indirect materials Pleaca CETTE Description Debit Credit Accounts payable Accounts receivable Accumulated depreciation-factory Cash Cost of goods sold Debit Credit Finished goods inventory Manufacturing overhead lion. Materials inventory Property taxes payable Sales Wages payable Work in process inventory Flow of Product Costs through Accounts The following T accounts present a cost flow in which all or part of typical manufacturing transactions are indicated by parenthetical letters on the debit or credit side of each account. Materials Inventory (a) (c) Wages Payable (i) (b) (d) Manufacturing Overhead (b) (1) (C) (d) (e) Work in process Inventory (C) (d) (f) Finished Goods Inventory g) (h) Cost of Goods Sold (h) 1 Next to each letter below, select the appropriate transaction or procedure that has occurred using the drop-down menu. Then present the general journal entry for each by selecting the appropriate debit and credit entries. a. Purchase of materials Debit Credit Description Materials inventory Accounts payable b. Employee wages earned Debit Credit Description Manufacturing overhead Wages payable - C. Requisition of direct and indirect materials Debit Credit Description Work in process inventory Manufacturing overhead Materials inventory d. Assignment of direct and indirect labor costs Debit Credit Description Work in process inventory Manufacturing overhead Wages payable e. Manufacturing overhead applied Description Debit Credit Accounts payable f. Other manufacturing overhead incurred Debit Credit Description Work in process inventory Manufacturing overhead > g. Production completed Debit Credit Description Finished goods inventory Work in process inventory + > > h. Description Debit Credit To transfer cost to expense. > To record sale of goods. i. Description Debit Credit Please answer all parts of the question. > h. Assignment of direct and indirect labor costs Employee wages earned Finished goods sold Manufacturing overhead applied Other manufacturing overhead incurred i. Production completed Purchase of materials Requisition of direct and indirect materials Pleaca CETTE Description Debit Credit Accounts payable Accounts receivable Accumulated depreciation-factory Cash Cost of goods sold Debit Credit Finished goods inventory Manufacturing overhead lion. Materials inventory Property taxes payable Sales Wages payable Work in process inventory