i More Info a. b. Purchased materials on account, $490,000 incurred total manufacturing wages of $111.000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows Direct Labor Chalet 13 14,700 Chalet 14 28,200 Chalet 15 19,700 Chalet 16 21.100 Requisitioned direct materials in manufacturing as follows Direct Materials Chalet 13 41.000 Chalet 14 56,400 Chalet 15 62,100 Chalet 16 B8 900 Depreciation of manufacturing equipment used on different chalets $6 200 Other Overhead costs incurred on Chalets 13-16 Equipment rentals paid in cash $ 10,300 Prepaid plant insurance expired....$ 5,000 Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost Chalets completed 13, 15, and 16 Chalets sold on account: 13 for $91,000 and 16 for $140,000 1. 9. h. Print Done Read the requirements your Requirement 1. Record the events in the general journal (Record debits first the credits Exclude explanations from Start with the entry from event (a) Purchased materials on account 490.000 Journal Entry Date Accounts Debit Credit Ra v entory 0 000 Accounts Payable (b) incurred total manufacturing wages of $111.000, which included both direct labor and indeedbo Journal Entry Date Accounts Credit Work in Process Inventory 83.700 Manufacturing Overhead 27.300 Wages Payable 111,000 (C) Requisitioned direct materials in manufactura Journal Entry Accounts Work in Process Inventory Credit Debit 226 400 Raw Materials inventory (d) Depreciation of manufacturing equipment used on different chalets, 56200 Journal Entry Debit Accounts Manufacturing Overhead Accumulated Depreciation Equipment 6.200 6.200 (e) Other Overhead costs incurred on Chalets 13-16 Journal Entry Accounts Manufacturing Overhead Det 10 300 Prepaid Insurance () Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost Journal Entry Accounts I work in Process inventory Manufacturing Overhead Credit Manufacturing Overhead 50,220 Chalets completed 13, 15, and 16 Journal Entry ate Credit Accounts Finished Goods Inventory Work in Process Inventory Delit 258,800 258,800 h) Chalets sold on account 13 for $91,000 and 16 for $140,000. First record the sale of the chalets Date Credit Journal Entry Accounts n Accounts Receivable Sales Revenue Debit 231,000 231,000 Next, record the cost of goods sold Date Journal Entry Accounts Cost of Goods Sold Finished Goods Inventory Debit 165,180 Credit h 165 180 Requirement 2. Post the appropriate entries to the T-accounts, identifying each entry by letter. Determine the ending account balances, assuming that the begin Work in Process Inventory Finished Goods Inventory Choose from any list or enter any number in the input fields and then click Check Answer 4 4 parts remaining i More Info a. b. Purchased materials on account, $490,000 incurred total manufacturing wages of $111.000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows Direct Labor Chalet 13 14,700 Chalet 14 28,200 Chalet 15 19,700 Chalet 16 21.100 Requisitioned direct materials in manufacturing as follows Direct Materials Chalet 13 41.000 Chalet 14 56,400 Chalet 15 62,100 Chalet 16 B8 900 Depreciation of manufacturing equipment used on different chalets $6 200 Other Overhead costs incurred on Chalets 13-16 Equipment rentals paid in cash $ 10,300 Prepaid plant insurance expired....$ 5,000 Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost Chalets completed 13, 15, and 16 Chalets sold on account: 13 for $91,000 and 16 for $140,000 1. 9. h. Print Done Read the requirements your Requirement 1. Record the events in the general journal (Record debits first the credits Exclude explanations from Start with the entry from event (a) Purchased materials on account 490.000 Journal Entry Date Accounts Debit Credit Ra v entory 0 000 Accounts Payable (b) incurred total manufacturing wages of $111.000, which included both direct labor and indeedbo Journal Entry Date Accounts Credit Work in Process Inventory 83.700 Manufacturing Overhead 27.300 Wages Payable 111,000 (C) Requisitioned direct materials in manufactura Journal Entry Accounts Work in Process Inventory Credit Debit 226 400 Raw Materials inventory (d) Depreciation of manufacturing equipment used on different chalets, 56200 Journal Entry Debit Accounts Manufacturing Overhead Accumulated Depreciation Equipment 6.200 6.200 (e) Other Overhead costs incurred on Chalets 13-16 Journal Entry Accounts Manufacturing Overhead Det 10 300 Prepaid Insurance () Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost Journal Entry Accounts I work in Process inventory Manufacturing Overhead Credit Manufacturing Overhead 50,220 Chalets completed 13, 15, and 16 Journal Entry ate Credit Accounts Finished Goods Inventory Work in Process Inventory Delit 258,800 258,800 h) Chalets sold on account 13 for $91,000 and 16 for $140,000. First record the sale of the chalets Date Credit Journal Entry Accounts n Accounts Receivable Sales Revenue Debit 231,000 231,000 Next, record the cost of goods sold Date Journal Entry Accounts Cost of Goods Sold Finished Goods Inventory Debit 165,180 Credit h 165 180 Requirement 2. Post the appropriate entries to the T-accounts, identifying each entry by letter. Determine the ending account balances, assuming that the begin Work in Process Inventory Finished Goods Inventory Choose from any list or enter any number in the input fields and then click Check Answer 4 4 parts remaining