Journal Entries, T$-$Accounts

Kapoor Company uses job$-$order costing. During January, the following data were reported:

Materials purchased on account: direct materials, $$97,500$; indirect materials, $$14,800.$

Materials issued: direct materials, $$81,500$; indirect materials, $ $8,800.$

Labor cost incurred: direct labor, $$67,000$; indirect labor, $$25,460.$

Other manufacturing costs incurred $($all payables$),$ $$46,200.$

Overhead is applied on the basis of $120$ percent of direct labor cost.

Work finished and transferred to Finished Goods Inventory cost $$242,400.$

$(1)$ Finished goods costing $$212,000$ were $(2)$ sold on account for $130$ percent of cost$.$ Make the entry to record the cost of the jobs first, followed by the entry to record the revenue from their sale.

Any over$-$ or underapplied overhead is closed to Cost of Goods Sold.

Required:

Question Content Area

$1.$ Prepare journal entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

a$.$

b$.$

c$.$

d$.$

e$.$

f$.$

g $(1).$

g $(2).$

h$.$

Question Content Area

$2.$ Prepare a T$-$account for Overhead Control. Post the entries to the T$-$account in the same order in which they were journalized. If an amount is zero, enter $"0".$ What is the ending balance in this account?

Overhead Control

fill in the blank bf$9585$ffafdb$01$f$\_2$

fill in the blank bf$9585$ffafdb$01$f$\_4$

fill in the blank bf$9585$ffafdb$01$f$\_6$

fill in the blank bf$9585$ffafdb$01$f$\_8$

Balance fill in the blank bf$9585$ffafdb$01$f$\_9$

fill in the blank bf$9585$ffafdb$01$f$\_11$

Balance fill in the blank bf$9585$ffafdb$01$f$\_12$

Question Content Area

$3.$ Prepare a T$-$account for Work$-$in$-$Process Inventory. Assume a beginning balance of $$10,000,$ and post the entries to the T$-$account in the same order in which they were journalized.

Work in Process Inventory

fill in the blank $82$ac$4700$ef$9$efd$5\_2$

fill in the blank $82$ac$4700$ef$9$efd$5\_4$

fill in the blank $82$ac$4700$ef$9$efd$5\_6$

fill in the blank $82$ac$4700$ef$9$efd$5\_8$

fill in the blank $82$ac$4700$ef$9$efd$5\_10$

Balance fill in the blank $82$ac$4700$ef$9$efd$5\_11$