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Job Order Costing (Journal Entries) The following data relate to the operations of the Donnell Printing Company for the year 2000 (in millions): Materials
Job Order Costing (Journal Entries) The following data relate to the operations of the Donnell Printing Company for the year 2000 (in millions): Materials control, December 31, 1999. 12 Work-in-process control, December 31, 1999 5 Finished goods control, December 31, 1999 6 Prepare Journal entries on the following transactions: US$ 1 Materials and supplies purchased on account 200 2 Direct materials issued to the production department 145 3 Indirect materials (supplies) issued to various production departments 10 4 Labor used directly in production 90 5 Indirect labor incurred by various departments 30 6 Depreciation-plant and factory equipment 19 7 Misc. factory overhead incurred by various departments 9 8 Factory overhead applied, 2,200,000 machine hours at $30 per hour ?? 9 Cost of goods manufactured 294 10 Sales 400 11 Cost of goods sold 300 Particulars Debit Credit 1 Materials Control 200 Accounts Payables 200 2 WIP Control 145 Materials Control 145 3 FOH Control 10 Materials Control 10 4. WIP Control ge 90 Payroll liability 90 8 Questions Scores Question 1: Write entries for No. 5. 1 Question 2: Write entries for No. 6. 1 Question 3: Write entries for No. 7. 1 Question 4: Write entries for No. 8. 1 Question 5: Write entries for No. 9. 1 Question 6: What is the ending balance of Work-In-Process Control? 2.5 Question 7: Show the journal entry for disposing of overapplied or underapplied overhead directly as a year-end adjustment to Cost of Goods Sold. 2.5 Scores Write Final Answers Below Question 1: Particulars Debit Credit Question 2: Particulars Debit Credit Question 3: Particulars Debit Credit Question 4: Particulars Debit Credit
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