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From the following transactions, prepare the appropriate general journal entries for the month of April. (1)Raw materials costing $60,000 were issued from the storeroom. (2)Direct
From the following transactions, prepare the appropriate general journal entries for the month of April.
(1)Raw materials costing $60,000 were issued from the storeroom.
(2)Direct labor of $53,000 was charged to production.
(3)Indirect labor costs of $17,000 were incurred.
(4)Overhead was applied at the rate of 40% of direct labor dollars.
(5)Completed products costing $42,000 were transferred to finished goods.
(6)Products costing $32,000 were sold.
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