HELP !!!
fields. The company uses a job-order costing system that applies manufacturing overnead cost to jobs on the baring overhead for an hours, its predetermined overhead rate was based on a cost formula that estimated $378,000 of manufactu. a. Raw materials purchased on account, $285,000 b. Raw materials used in production (all direct materiais), $270,000. c. Utility bilis incurred on account, $76,000 (85\% related to factory operations, and the remainder reiated to selling and administrative activities) d. Accrued salary and wage costs: e. Maintenance costs incurred on account in the factory, $71,000 t Advertising costs incurred on account, $153,000 9. Deprecietion was recorded for the yeat $89.000 (70\% related to factory equipment, and the remainder related to selling and odministrative equipment, h. Rertal cost incunred on accourt, $114,000(75% related to factory faciities, and the remainder related to selling and administrative fncilies! 6. Manufacturing overhead cost was applied to jobs, 5 ? i. Cost of poods manufactured for the yeaz, $940,000 Seles for the year tall on accoung totaied $2050,000. These goods cost $970,000 according to their job cost sheets The bainnces in the inventory accounts at the beginning of the year were: Pequired: 1. Piepare journel eitties to record the preceding transactiona: 2. Postyour entries to Taccounts. (Don't forget to enter the beginning inventory baiances above) 3. Prepare aschedule of cost of poods menufectured. 44. Prepare ajoumei entry to close ary balance in the Manufacturing Overhead account to Cost of Goods Sold. 48. Prepare a scheduie of coss of goods sold. 5. Prepate an income statement for the vear Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods sold. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. Prepare a journal entry to close any balance in the Manufacturing Overhead ace transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to close any balance in the manufacturing overhead account to cost of goods sold. Complete this question by entaring - deccuinte. (Don't forget to enter the beginning invantory balances above.)