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I'm not sure what I'm missing in the T-accounts. a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $188,000 ($150,400 direct

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image text in transcribedI'm not sure what I'm missing in the T-accounts.

a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $188,000 ($150,400 direct materials and $37,600 indirect materials). C. Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $131,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $6 per machine- hour. A total of 76,400 machine-hours were used in October. g. Jobs costing $512,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $448,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 28% above cost. Required: 1. Prepare journal entries to record the transactions given above. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $34,000. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare journal entries to record the transactions given above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 a. Raw materials Accounts payable Credit Debit 210,000 210,000 2 b. Work in process Manufacturing overhead Raw materials 150,400 37,600 188,000 3 c. Work in process Manufacturing overhead Salaries and wages payable 49,000 21,000 70,000 4 d. Manufacturing overhead Accumulated depreciation 105,000 105,000 5 e. 131,000 Manufacturing overhead Accounts payable 131,000 f. 458,400 Work in process Manufacturing overhead 458,400 7 g. 512,000 Finished goods Work in process 512,000 8 h(1) 448,000 Cost of goods sold Finished goods 448,000 9 h(2) Accounts receivable 573,440 The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $188,000 ($150,400 direct materials and $37,600 indirect materials). C. Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $131,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $6 per machine- hour. A total of 76,400 machine-hours were used in October. g. Jobs costing $512,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $448,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 28% above cost. Required: 1. Prepare journal entries to record the transactions given above. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $34,000. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 1 Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $34,000. Show less A Manufacturing Overhead Work in Process Beg. b. 37,600 34,000 Bal. 21,000 b. 150,400512,000 g. d. 105,000 c. 49,000 131,000 C. e. End. Bal. 294,600 f. > 458,400 End. Bal. 179,800

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