Journal Entries, T -Accounts Ehrling Brothers Company makes jobs to customer order . During the month of July , the following occurred: a. Materials were purchased on account for $45,620. b. Materials totaling $40,980 were requisitioned for use in producing various jobs. c. Direct labor payroll for the month was $22,400 with an average wage of $14 per hour . d. Actual overhead of $8,850 was incurred and paid in cash. e. Manufacturing overhead is charged to production at the rate of $5.40 per direct labor hour . f. Completed jobs costing $60,000 were transferred to Finished Goods. g. Jobs costing $58,000 were sold on account for $ 73,850. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs. Beginning balances as of July 1 were: Materials Inventory $1,200 Work-in-Process Inventory 3,400 Finished Goods Inventory 2,640 Required: 1. Prepare the journal entries for the preceding events.

Choose one for each: Accounts Payable Accounts Receivable COGS Finished Goods Materials Overhead Control Work in progress

a. b. c. d. e. f . g (1). g (2). 2. Calculate the ending balances of: a. Materials Inventory $ b. Work-in-Process Inventory $ c. Overhead Control $ d. Finished Goods Inventory $