If you could help me with Requirement A 5-8 as well as Requirement B that would be great!
Autec GQ1 S121 - V Search Daniel Colin CK I lome Irser Draw Design Layout Relerences Mailings Reven View Hep Share Comments U X Cut TE mat inter irres New Roman: A A A A BIU XX AP Paste Aalibct al hoe AaBbc Aabloul AaB ABCD A Bocco Arco Nora No Seeding 1 Heating 2 Sabitlen. Es EE EOS Tille Subule Fira 4.00 Select Edina Sensitivity L Faltar FAISA -iles Eclto Rusa Flies CIF Font Parra Stics ce Sonstit Klein Conporation uses a job order costing system. On April 1, 2021, the compuny liad the following account balances: Raw Material Inventory (include direct and indirect material) Work in Process Inventury Finished Guds Triventory S SR900 TIR.140 75.600 On April 1, Job :44 was the only job in Finished Goods (TG) Inventory. On April 1, the three jobs in Work-in-Process (WIP) Inventory had the following balances: Job 45 $ 51,340 Job #46 24,080) Job 47 42,720) $. The following transactions occurred during April: 1. Purchased 588.000 of uw materiuls (direct and indirect) ou uccount. 2. Issucd $75.240 of raw material as follows: Job #45 Joh #16 $13,120 Joh #17 $15,000 Job.:46 Jub $14,460 Indirect aterial $ 2,270 3. Prepared and paid $93.100 factory payroll for the month. Analysis of this payroll showed the following information Job 45 650) direct labor hours (DLHS $13,000) Job 46 1.295 DLHS Job 47 995 DLHS $19,900 Jobs 620 DLHS $12,400 Indirect libor wages $21.900 4 The linu upplied bulicluring overbead w jubs at a rate of S11xr direxi labur hour. 5. Jobs #45 and 46 were completed during the month. 6. Jobs #44 and 45 were shippod, accepted by the customers, and billed at a selling price of 145 percent of their cost. 7. Incurred other manufacturing owerhead and selling and administrative costs for April: Property taxes for the factory building, $1,870), and for the office buildings. S1,300. The tax 1 .............. $25,000 PT 1 - 1 ITA Type here to search O Di ES 76" Mostly sunny $ @ 11:28 AM 7/19/2021 B Autec GQ1 S121 111 - Wind Search Darial Colin CK I lome Irser Draw Design Layout Relereres Mailings Reven View Hep Share Comments + Ali Malta AaBbc Aabboul AaB AHCO A Bocco ARCO U ires New Roman: A A A A BIU v k X Cut TE mat inter Paste 0.92 Nora No Sewing 1 Hequiry2 Tille Subule Suve Cl. Crisis Fira Racco Select Edina Sensitivity L Faltar FAISA -iles Eclto Rusa Flies CIF Font Sonstit Parcrash Sty: of their cost. 7. Incurred other manufacturing overhead und selling and administrative costs for April: Property taxes for the factory building, $1,870, and for the office buildings, S1,300. The tax bills are due in July 2021. Depreciation of manufacturing property, plant, and quipment, $13,750. Monthly insurance costs for manufacturing assets, $4,045, und for non-manufucturing assets. $7,500. Insurance wus prepaid in November 2020 for the 12-month period ended in October 2021. Shipping cargos to deliver finished orders to customers, $3,500. liscight bills roucived in the month will be paid in the following month. Factory utilities cost. $2.100, will be paid in May 2021. 8. Close under or over applied manufacturing overhead to Cost of Goods Sola . Required: 1 A. (14 poiws) Prepare journal entries for April to record transactions 1-X. Use summary entries where appropriate by cutribining individual job data and items 1. Dr. Materiuls Inventory 88000 Cr Accounts Payable 88000 2. Dr. WIP Inventory 72470 Dr. Overhead 2270 PT 1 O ES - 1 ITA Type here to search OH x 16 Mostly sunny " 11:29 AM 7/10/2021 B GQ1 S121 - V Search Darial Colin CK AWESO I lome Irser Cras Design Layout Relererxes Mailings Reven View Hep Share Comments irres New Roman A la v SET U X Cut TE mat inter Sahil Malthcc AaBbc Aablcul AaB AaCABOCCO Aranca Erness Fira Racco Select Paste BUXX == Moral No Heading 1 leaving 2 Tide Subule Sole C. Clus Sensitivity L Faltar FAISA -iles Eclto Rusa Flies CIF Font Para St. Edina Sonstit A (14 points) Prepare journal entries for April to record transactions 1-8. Use suenetary entries where appropriate by combining individuel job cuta und items 1. Dr. Materials Inventory 88000 Cr. Accounts Payable 8XOCO 2. Dr. WIP Inventory 72970 Dr. Overheid 2270 Cr Mlerial Inventory 75240 3. Dr. Work-in-Process Inventory 71200 Dr. Factory Overhead 21900) Cr. Accrued Payroll 03100 4. D. WIP Inventory 39160 (650112951995 620) IT Cr. Overhead 39160 S. 6. 7. B. poids Compute the collowing ruling bulances as of April 30 by sbuving the relevan l-accounts, Tor each t-uccount, show the balance on April 1, ull postings during April, and the balunce on April 30. 1. Raw Muterials Inventory 2. Work in Process Inventory 3. Finished Goods Inventory Pas O ES - 1 ITA Type here to search O $ x 16 Mostly sunny " 11:29 AM 7/10/2021 B
