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general ledger ch16 please help me fill in all WUN Callahan Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials
general ledger ch16
WUN Callahan Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Ending Raw materials inventory Inventory Inventory $ 91,000 Work in process inventory-cutting $ 110,200 213,500 60,000 Work in process inventory-Stitching 233, 380 145,500 Finished goods inventory 190, 100 42,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 110,000 26,000 Direct materials used-Cutting Direct materials used-Stitching Direct labor $ 24,100 Direct labor-Cutting 96,400 Direct labor-Stitching @ Factory Overhead (Actual costs) Indirect materials used $ 64,880 Indirect labor used 58,400 Other overhead costs 64,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (1209 of direct labor used) Sales $936, 000 General Journal Requirement Cost of Cost of Raw General Trial Balance Cost of Goods Mfg Goods Mig Ledger Gross Pront Materials Goods Sala Cutting Stitching Tuumalize the transactions related to Callahan Company's manufacturing of soccer balli The ingated based on your entries. Prepare journal entries to record the transactions of ware is that posting is done automatically to see the of a chinnin nimic the Journal entry worksheet Record the usage of indirect materials. Note: Enter debits before credits Debit Credit Account Title Dato May 31 View general Journal Clear entry Record entry Next Prov 1 of 1 Journal entry worksheet Record the application of overhead at a rate of 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching) Note: Enter debits before credits Dato Account Title Dab Com May 31 View Clear entry Record entry Next Day 1 of 1 Print Journal entry worksheet bio Cost of Good Mg Cutting Net 1 of 1 Prev General Requirement General Cost of Raw Cost of Journal Trial Balance Ledger dost of Materials Good Goods Cutting Seting Calculate the value of cost of goods sold for the month of May. Ignore any over er underappliedsverdie calculation of cost of goods sold. Dates: Apr 30 Apr 10 Goods Solar Calculate cost of goods sold: Cost of goods available for sale Cost of goods sold please help me fill in all
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