Journal entry worksheet Other manufacturing overhead costs accrued during October, $130,000. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Depreciation recorded on factory equipment, $104,000. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet during October and transferred to Finished Goods. Note: Enter debits before credits. Kequired: 1 Prepare journal entries to record the transactions given above. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each acco Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $33,000. Complete this question by entering your answers in the tabs below. Prepare journal entrims to record the transactions given above, (if no entry is required for a transaction/event, select "No journat entry required" in the first account fiedd) Journal entrv worksheet Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 1234 9 The company applies manufacturing overhead cost to production on the basis of $9 per machine-hour. A total of 76,400 machine-hours were recorded for October. Note: Enter debits before credits. The Polaris Company uses a job crder costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000 b. Raw materials used in production, $190,000 (\$152,000 direct maternals and $38,000 indirect matedials) c. Accrued direct labor cost of $49,000 and indirect labor cost of $22,000. d Depreciation recorded on factory equiprnent, $104,000. e. Other manufacturing overticad costs accrued during October, $130,000. t. The company applies manufacturing overtiead cost to production using a predetermined rate of $9 per machine-hour. A total of 76.400 machine-houts were used in Octobet. g. Jobs costing $513,000 according to their job cost sheets were completed during October and transterred to Finished Goods h. Jobs that had cost $449,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 36% above cost Required: if Prepare joumal entries to record the transactions given above. 2. Prepare Taccounts for Manulacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compule the ending balance in eoch account, assuming that Work in Process has a beginning balance of $33,000. Complete this guestion by entering your answers in the tabs below. Prepare joumal entries to record the transactions given above. (tf no entry it required for a transaction/event, select "No jouinal entry required" In the first account field. b. Raw materials used in producton, 5190,000 (\$152,000 ditect materials and $38,000 indirect materials) E. Accrued diect labor cost of $49,000 and indirect tabot cost of $22,000 d. Depreciation recorded on factory equipment, 5104,000 . e. Other manufacturing overhead costs accrued during Octobec. $130,000 t. The company applies manulacturing ovethead cost to production using a predetermined rate of $9 per machine hour. A total of 76.400 machine-hours were used in October 9 Jobs costing $513000 according to their job cost sheets were completed duing October and tranisterred to Finished Goods h. Jobs that had cosi $449000 to complete according to their job cost shcets were shipped to customers cturing the month. These jobs wete sold on accourt at 36s above cost. Required: 1. Prepare fournal entries to recotd the transactions giver above: 2 Prepare T-accounts for Manufacturing Overhead and Work in Frocess. Post the refevant transactions from above to each account Compute the ending balance in each alccount, assianing that Work in Process has a beginning balance of $33,000. Complete this question by enteriny your answers in the tabs below. Journal entry worksheet 7 9 Record the raw materials issued to production, $190,000($152,000 direct materials and $38,000 indirect materials). Note: Enter debits before credits
