help job 1 cost sheet

job 2 cast sheet

schedule of cost goods manufactured

cost of goods sold

income statement

TIA

can you help ?

The foliowing is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: 1.Dec Raw materials purchased on account, $27,000. 5-Dec Al Raw materials needed for Job \#A were requested from the material storege for use during the month. All materials are direct. (Atter you journalize this entry please onter the informabion into Job 41 Cost Sheet) 10-Dec The following employee costs were incurred but not paid during the month: Direct labor foc Job 181, consisted of 60 hours at a rate of $60 per hour, totaing $3,600. (After you joumaizie this ontry phase enter the information into Job 81 Cost Sheet) Salary for supervisor of the factory 53,200. Administrative Salary 52.000. 12-Dee. Manutacluaing overthend cost was applied based on direct labor hours to J0s if using the POHR calcilated in Question 1 . (After you joumalize this entry please onter the information into dob ist Cost Sheet) 15-Dec A Raw materials needed for Job 12 ware requested from the material storage for use during the month. All materais are direct. (Aher you lournalize biss entry please enter the inbomation into J0602 Cost Sheot) 15-Dec. All Raw materials needed for Job #2 were requested from the material storage for use during the month. All materials are direct. (After you journalize this entry please enter the information into Job \#2 Cost Sheet) 16-Dec Rent for the month of December for the factory building incurred but not paid $1,300. 17-Dec Advertising costs incurred but not paid for the month was $1,600. 20-Dec Depreclation for the month of December was recorded on equipment $1,250 ( $950 for equipment used in the factory and $300 for equipment used in selling and administrative activities). 24-Dec Property insurance incumed but not paid $2,650 ( $2,100 for the factory and $550 for 5elling and administrative offices). 26-Dec Job \#1 was completed and transferred to Finished Goods during the month. 28-Dec The completed table was sold on account to the customer for $32,000 during the month. (Hint: Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.). 31.00e By the end of the month, 30 hours of direct labor were incurred at a rate of 560 per hour, totaing $1,800 to begin production on job 12 . The employees wili be paid next month. (Afer you joumalize this ontry please enter the information into Job \#2 Cost Stheel) 31-Dec Manufacturing overhead cost was applied using the direct labor hours from Job 12 and the POHR calculated in Question 1. (Aller you joumalizo this entry piease enter the information into Job $2 Cost Sheet) 31-Dec Manufacturing overhead cost was applied using the direct labor hours from Job \#2 and the POHR calculated in Question 1. (After you joumalize this entry please enter the information into Job \#2 Cost Sheet) Post the journal entries that you recorded on the "General Journal" tab to the "T-accounts (General Ledger)" tab and calculate the balance for each account. This is the company's first month of business, so there will not be any beginning balances. 31-Dec Record the entry in the general joumal to close the Manufacturing Overhead account and adjust for overapplied/underapplied overtead. Step3 Prepare a Schedule of Cont of Goods Manufactured and a Schedule of Cost of Goods Sold on the "Schedule of cOGM and COGS* tab for Job 41 and Job \#2 that were worked on during the month by the company. Make sure to follow the format noted in your book (pg. 109), (Hint: This is the company's first month of operations and therefore the beginning balances will be zero.) step4 Prepare an income Statement for the month using the Traditional Format on the "Income Statement" tab. Step 5 Use the following check figures and make any necessary corrections. Bbb Cost Sheet You work for Thunderduck Custom Tables inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. The company does not have indirect materials. You will be keeping track of the costs incurred to manufacture the tables using Job \#1 Cost Sheet and Job \#2 Cost Sheet. The cost of the direct materials that can be used to manufacture the table are as follows. Assume a 560 per hour wage rate to the assembly employees. The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The company estimates that there will be 120 direct labor hours worked during the month