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for a and b Barker Products is a job shop. The following events occurred in September 1. Purchased $13,000 of materials on account. 2. Issued
for a and b
Barker Products is a job shop. The following events occurred in September 1. Purchased $13,000 of materials on account. 2. Issued $14,500 in direct materials to the production department. 3. Purchased $11,000 of materials on account. 4. Issued $900 of supplies from the materials inventory. 5. Paid for the materials purchased in transaction (1). 6. Paid $19,200 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 7. Incurred direct labor costs of $22,000, which were credited to Wages Payable 8. Issued $1,300 of supplies from the materials inventory. 9. Applied overhead on the basis of 85 percent of $22,000 direct labor costs 10. Recognized depreciation on manufacturing property, plant, and equipment of $11,600 The following balances appeared in the accounts of Barker Products for September. Beginning Ending $ 31,700 Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold 6,100 32,000 $.29,500 52,100 Required: a. Prepare journal entries to record the transactions, b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet Step by Step Solution
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