Answered step by step
Verified Expert Solution
Question
1 Approved Answer
just need #3 Requirements 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following a. The total amount of
just need #3
Requirements 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following a. The total amount of materials requisitioned into work in process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) c. The total amount of manufacturing overhead recorded in work in process during December d. Ending balance in work in process, December 31 e. Cost of goods sold for December before adjustments for under- or overallocated manufacturing overhead Prepare closing journal entries related to manufacturing overhead. Assume that all under-or overallocated manufacturing overhead is closed directly to Cost of Goods Solod 3. Print Done Data Table Beginning Balance 12/1 Ending Balance 12/30 1,500 7,900 Work-in-Process Control 6.100 8,400 Manufacturing Department Overhead Control 97,500 3.800 18,800 Print Done Clear All The c balanc More Info 1 View Additional information follows: Direct materials purchased during December were $65,700. Cost of goods manufactured for December was $228,000 a. ayroll b. rect p c. No direct materials were returned to suppliers No units were started or completed on December 31 and no direct materials were requisitioned on December 31 d. The manufacturing labor costs for the December 31 working day: direct manufacturing labor, $4,000, and indirect manufacturing labor, $1,100 e. f. Manufacturing overhead has been allocated at 150% of direct manufacturing labor costs through December 31 Print Done Clear All Requirements 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following a. The total amount of materials requisitioned into work in process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) c. The total amount of manufacturing overhead recorded in work in process during December d. Ending balance in work in process, December 31 e. Cost of goods sold for December before adjustments for under- or overallocated manufacturing overhead Prepare closing journal entries related to manufacturing overhead. Assume that all under-or overallocated manufacturing overhead is closed directly to Cost of Goods Solod 3. Print Done Data Table Beginning Balance 12/1 Ending Balance 12/30 1,500 7,900 Work-in-Process Control 6.100 8,400 Manufacturing Department Overhead Control 97,500 3.800 18,800 Print Done Clear All The c balanc More Info 1 View Additional information follows: Direct materials purchased during December were $65,700. Cost of goods manufactured for December was $228,000 a. ayroll b. rect p c. No direct materials were returned to suppliers No units were started or completed on December 31 and no direct materials were requisitioned on December 31 d. The manufacturing labor costs for the December 31 working day: direct manufacturing labor, $4,000, and indirect manufacturing labor, $1,100 e. f. Manufacturing overhead has been allocated at 150% of direct manufacturing labor costs through December 31 Print Done Clear All 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