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Job Cost Journal Entries Prior to the beginning of 2 0 1 6 , Stapleton Company estimated that it would incur $ 4 5 9
Job Cost Journal Entries
Prior to the beginning of Stapleton Company estimated that it would incur $ of manufacturing overhead cost during using direct labor hours to produce the desired volume of goods. On January beginning balances of Materials Inventory, Work in Process Inventory, and Finished Goods Inventory were $$ and $ respectively.
Required
Prepare general journal entries to record the following for
a Purchased materials on account, $
tableDescriptionDebit,Credit
b Of the total dollar value of materials used, $ represented direct material and $ indirect material.
tableDescriptionDebit,CreditWork in process inventory,
c Determined total factory labor, $ hrs @ $hr
d Of the factory labor, were direct labor hours.
tableDescriptionDebit,Credit,Work in process inventory,,widehatwidehat
e Applied manufacturing overhead based on direct labor hours to work in process.
tableDescriptionDebit,Creditddots,
f Determined actual manufacturing overhead other than those items already recorded, $Credit Accounts Payable.
tableDescriptionDebit,CreditAccounts payable,
g Ending inventories of work in process and finished goods were $ and $ respectively. Determine the cost of finished goods credit I
tableDescriptionDebit,Credit,Work in process inventory,,DescriptionDebit,Credit,Finished goods inventory,
h Transferred the balance in Manufacturing Overhead to Cost of Goods Sold.
tableDescriptionDebit,Credit
Please answer all parts of the question.
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