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For this question each sentence below is to be made into a journal entry associated with the journal entries shown on the excel document. They
For this question each sentence below is to be made into a journal entry associated with the journal entries shown on the excel document. They should be in the same order as they are listed.
A Purchased $35,000 in materials on account.
B Transferred $20,000 of materials into the work in process account.
C Added $15,000 worth of direct labor/payroll into the work in process account
D Added 25% of overhead to the work in process account(25% of labor cost)
E Transferred $10,000 of manufactured goods into the finished good account.
F Lastly, sold $51,000 of finished goods inventory for cash, the cost of goods sold was $29,000
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