include a letter for every entry

T-account HW 7: Enter the transactions into the appropriate t-accounts and include a letter for each entry. Turn in the T-accounts page only via email by 5 pm June 3. a. Purchased materials on account for $180,000 b. Requisitioned direct materials in manufacturing as follows: Chalet 1 $42,300; Chalet 2 $39,600; Chalet 3 $46,500; Chalet 4 $47,000 c. Incurred total manufacturing wages of $140,000 which included both direct labor and indirect labor. Direct labor was: Chalet 1 $18,000; Chalet 2 $24,500; Chalet 3 $22,200; Chalet 4 $28,500 d. Depreciation on the manufacturing equipment was $7,200. e. Other overhead costs included equipment rentals paid in cash of $9,000. f. MOH was applied to production at the PMOHR of 65% of direct labor cost. g. Chalets 1, 2, and 4 were completed. h. Chalet #1 was sold on account for $140,000. i. Close MOH and dispose of over or under allocated MOH. T-accounts HW 7 Include a letter for every entry. Raw Materials Work in Process Finished Goods Job Cost Ledger (subsidiary ledger of work in process) chalet 3 chalet 4 chalet 1 chalet 2 Manufacturing Overhead Accounts Payable Cost of Goods Sold Salaries/Wages Payable Accumulated Depreciation Cash Accounts Receivable Sales Revenue