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i need some help with the T accounts please Barker Products is a job shop. The following events occurred in September: 1. Purchased $14,400 of
i need some help with the T accounts please
Barker Products is a job shop. The following events occurred in September: 1. Purchased $14,400 of materials on account. 2. Issued $15,900 in direct materials to the production department. 3. Purchased $12,400 of materials on account. 4. Issued $970 of supplies from the materials inventory. 5. Paid for the materials purchased in transaction (1). 6. Paid $20,600 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 7. Incurred direct labor costs of $24,800, which were credited to Wages Payable. 8. Issued $1,370 of supplies from the materials inventory. 9. Applied overhead on the basis of 85 percent of $24,800 direct labor costs. 10. Recognized depreciation on manufacturing property, plant, and equipment of $13,000. The following balances appeared in the accounts of Barker Products for September: Required: a. Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. Prepare journal entries to record the transactions. Note: If no entry is required for a transaction/event, select "No journal entrv rnmilrail" in th. a.. \begin{tabular}{|l|c|l|} \hline H & 8 & Manufacturing Overhead Control \\ \hline & & Materials inventory \\ \hline & & \\ \hline 1 & 9 & Workin-Procoss-Overheod \\ \hline & & Applied Manufacturing Ovechoad \\ \hline & & \\ \hlineJ & 10 & Manulacturing Overthead Control \\ \hline & & Accumulated Depreciation-Property. P \\ \hline \end{tabular} Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Accounts Payable } \\ \hline Beginning bulance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Step by Step Solution
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