imventory accounts are as blolows (Cick the con to vew the data) (Clck the icon bo ver the adatonal information) Read the tenuriments Begin by preparing the joumal enlly to rocogniee ndied asd dicoct payiel for to Decomber 3 t woik dsy Now propare the joumal entry le alocale manutadurng overhead Requarement 2. Uye Taccouns to conpute the fuliswro varisations Data table More info Additional information follows: a. Diect matouials purchasod dureng Deceenter were 505b00 b. Cost of goods manufactued for Decender was $220,000 c. No dired materials moo metumed is supplecs d. No unds were startad or compleled on December 3t and no drect mulenias. were requabiond on tecemter 31. e. Tho masulacturing labor costs tor the December Jt working day divect manulacturing laber, 54060 , and indirect manufactueing labor, $1,150. t. Manufacturing evechead has beon aiocatod at 1505 of drocl. manufactinng fator costs fhrough Decembers. 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following: a. The total amount of materials requisitioned into work-in-process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) c. The total amount of manufacturing overhead recorded in work-in-process during December d. Ending balance in work-in-process, December 31 e. Cost of goods sold for December before adjustments for under- or overallocated manufacturing overhead 3. Prepare closing journal entries related to manufacturing overhead. Assume that all under-or overallocated manufacturing overhead is closed directly to Cost of Goods Sold. Requirement 2. Use T-accounts to compute the folowing transactions (Cick the icon lo view the transactions) For diect isber and manufacturing overhead a the Workin.Piocess account, enter the amounts foe 1230 and 1231 soparatev to aet ife conrect ending balance lor each dale. (Abbrewition used MoH. imventory accounts are as blolows (Cick the con to vew the data) (Clck the icon bo ver the adatonal information) Read the tenuriments Begin by preparing the joumal enlly to rocogniee ndied asd dicoct payiel for to Decomber 3 t woik dsy Now propare the joumal entry le alocale manutadurng overhead Requarement 2. Uye Taccouns to conpute the fuliswro varisations Data table More info Additional information follows: a. Diect matouials purchasod dureng Deceenter were 505b00 b. Cost of goods manufactued for Decender was $220,000 c. No dired materials moo metumed is supplecs d. No unds were startad or compleled on December 3t and no drect mulenias. were requabiond on tecemter 31. e. Tho masulacturing labor costs tor the December Jt working day divect manulacturing laber, 54060 , and indirect manufactueing labor, $1,150. t. Manufacturing evechead has beon aiocatod at 1505 of drocl. manufactinng fator costs fhrough Decembers. 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following: a. The total amount of materials requisitioned into work-in-process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) c. The total amount of manufacturing overhead recorded in work-in-process during December d. Ending balance in work-in-process, December 31 e. Cost of goods sold for December before adjustments for under- or overallocated manufacturing overhead 3. Prepare closing journal entries related to manufacturing overhead. Assume that all under-or overallocated manufacturing overhead is closed directly to Cost of Goods Sold. Requirement 2. Use T-accounts to compute the folowing transactions (Cick the icon lo view the transactions) For diect isber and manufacturing overhead a the Workin.Piocess account, enter the amounts foe 1230 and 1231 soparatev to aet ife conrect ending balance lor each dale. (Abbrewition used MoH
