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How to solve ACME Manufacturing uses a job order cost system. The following data summarize the operations related to production for October: a . Materials

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ACME Manufacturing uses a job order cost system. The following data summarize the operations related to production for October:
a. Materials purchased on account, $20,000.
b. Materials requisitioned, $13,000, of which $1,000 was for general factory use.
c. Factory labor used, $27,800, of which $9,500 was indirect.
d. Costs incurred on account for factory overhead, $5,000.
e. Depreciation of factory equipment, $3,700.
f. Overhead applied to production using a predetermined overhead rate of $24.50 per direct labor hour; direct labor hours used, 780.
g. Jobs completed, $38,000.
h. Cost of goods sold, $32,000.
Task: Record the journal entries for the summarized operations below. Replace MMM with the Month, DD with the Day, and the Xs with amounts:
a. MMM DD Materials
Accounts Payable
b.
DD Work in Process
Factory Overhead
Materials
c.
DD Work in Process
Factory Overhead
Wages Payable
d.
DD Factory Overhead
xx
xx,xxx
xx,xxx
xx,xxx
x,xxx
x,xxx
x,xxx
x,xxx
xx,xxx
xx,xxx
g.
DD Finished Goods
xx,xxx
Work in Process
xx,xxx
h. DD Cost of Goads Sold
xx,xxx
Finished Goods
xx,xxx,xxx
xx,xxx
xx,xxx
x,xxx
xx,xxx
xx,xxx
x,xxx
xx,xxx
ACME Manufacturing uses a job order cost system. The following data summarize the operations related to production for October:
a. Materials purchased on account, $20,000.
b. Materials requisitioned, $13,000, of which $1,000 was for general factory use.
c. Factory labor used, $27,800, of which $9,500 was indirect.
d. Costs incurred on account for factory overhead, $5,000.
e. Depreciation of factory equipment, $3,700.
f. Overhead applied to production using a predetermined overhead rate of $24.50 per direct labor hour; direct labor hours used, 780.
g. Jobs completed, $38,000.
h. Cost of goods sold, $32,000.
Task: Record the journal entries for the summarized operations below. Replace MMM with the Month, DD with the Day, and the Xs with amounts:
a. MMM DD Materials
xx,xxx
Accounts Payable
xx,xxx
b.
DD Work in Process
xx,xxx
Factory Overhead
x,xxx
Materials
xx,xxx
c. DD Work in Process
xx,xxx
Factory Overhead
X,XXX
Wages Payable
xx,xxx
d. DD Factory Overhead
X,XXX
Accounts Payable
X,XXX
e. DD Factory Overhead
X, XXX
Accumulated Depreciation-Equipment
x,x
f. DD Work in Process
,xxx
Factory Overhead
xx,xxx
g. DD Finished Goods
xx,xxx
Work in Process
xx,xxx
h. DD Cost of Goods Sold
,x
Finished Goods
xx,xxx
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