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Hrepare a journal entry tor item ( g ) above. If 1 0 , 6 0 0 of the custom - made machined parts are
Hrepare a journal entry tor item g above.
If of the custommade machined parts are shipped to the customer in February, how much of this job's cost will be included
in cost of goods sold for February?
Complete the question by entering your answers in the tabs below.
Prepare journal entries to record items a through above ignore item for the momentIf no entry is required for a
transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations.
Journal entry worksheetDillon Prod
Raw materials purchased on account, $
Note: Enter debits before credits. a Raw materials purchased on account, $
b Raw materials used in production, $ direct materials and indirect materials
c Labor cost accrued in the factory, $onethird direct labor and twothirds indirect labor
d Depreciation recorded on factory equipment, $
e Other manufacturing overhead costs incurred on account, $
f Manufacturing overhead cost was applied to production on the basis of machinehours actually worked during the month.
g The completed job for custommade machined parts was moved into the finished goods warehouse on January to await
delivery to the customer. In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct
materials, direct labor, and applied overhead.
Required:
Prepare journal entries to record items a through f above ignore item g for the moment
Prepare Taccounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T
accounts.
Prepare a journal entry for item g above.
If of the custommade machined parts are shipped to the customer in February, how much of this job's cost will be included
in cost of goods sold for February?
Complete the question by entering your answers in the tabs below.
Required
Prepare Taccounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these Taccounts. Hrepare a journal entry tor item g above.
If of the custommade machined parts are shipped to the customer in February, how much of this jDillon Products manufactures various machined parts to customer specifications. The company uses a joborder costing system and
applies overhead cost to jobs on the basis of machinehours. At the beginning of the year, the company used a cost formula to
estimate that it would incur $ in manufacturing overhead cost at an activity level of machinehours.
a Raw materials purchased on account, $
b Raw materials used in production, $ direct materials and indirect materials
c Labor cost accrued in the factory, $onethird direct labor and twothirds indirect labor
d Depreciation recorded on factory equipment, $
e Other manufacturing overhead costs incurred on account, $
f Manufacturing overhead cost was applied to production on the basis of machinehours actually worked during the month.
g The completed job for custommade machined parts was moved into the finished goods warehouse on January to await
delivery to the customer. In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct
materials, direct labor, and applied overhead.
Required:
Prepare journal entries to record items a through f above ignore item g for the moment
Prepare Taccounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T
accounts.
Prepare a journal entry for item g above.
If of the custommade machined parts are shipped to the customer in February, how much of this job's cost will be included
in cost of goods sold for February?
Complete the question by entering your answers in the tabs below.
Required
Prepare journal entries to record items a through above ignore item for the momentIf no entry is required for a
transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations.
Journal entry worksheet
Raw materials purchased on account, $
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