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Hi! I input answers, but other than A & part of B, it's telling me I'm wrong, please help, the powerpoints my Prof. posted aren't
Hi! I input answers, but other than A & part of B, it's telling me I'm wrong, please help, the powerpoints my Prof. posted aren't helping me
Re-Tire produces bagged mulch from recycled tires. Production Involves shredding tires and packaging the pieces in the Bagging department . All direct materials enter in the Shredding process. A predetermined overhead rate of 165% of direct labor costs is used in both departments. The following describes production operations for October. Direct materials used (Shredding) $ 238,28 Direct labor used (Shredding) 45,90 Direct labor used (Bagging) 107,1ee Costs transferred from Shredding to Bagging 202,500 Costs transferred from Bagging to Finished Goods 593,eee Sales (on credit) for the month total $480.000 and cost of goods sold for the month is $244.000. Prepare joumal entries dated October 31 to record October production activities for (1) direct materials usage. (2) direct labor usage. (3) overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transfer from Bagging to finished goods, (6) credit sales, and 6) cost of goods sold. View transaction et Journal entry worksheet . B F G > Record direct materials used in production Note: Enter debits before credits. Credit Transaction 1 General Journal Work in process inventory-Shredding Raw materials inventory Debit 238,000 238.000 Record entry Clear entry View general JournalStep by Step Solution
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