Question
Journal entries please: A.June8Raw materials requisitioned from the warehouse by the production department: Jobs 101, 102, and 103.=$11,500 Indirect materials= 500 Total $12,000 B. June
Journal entries please:
A.June8Raw materials requisitioned from the warehouse by the production department:
Jobs 101, 102, and 103.=$11,500
Indirect materials=500
Total$12,000
B. June 25Incurred $43,200 of factory labor. Workers will be paid next month.
C.June 25Assigned labor to jobs.Time tickets indicated the following:
Jobs 101, 102, and 103.(2,600 hrs $12 per hr)=$31,200
Indirect labor.(1,000 hrs $12 per hr)=12,000
Total$43,200
D.June 25Applied manufacturing overhead to production based on a predetermined overhead rate of $9.50 perdirect labor hourworked.
E.June 28Goods costing $37,500 were completed in the factory and were transferred to finished goods.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started