Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

make sure i am able to see all the numbers for the answer please eBook Old School Publishing Inc. began printing operations on January 1.

make sure i am able to see all the numbers for the answer please
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
eBook Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $7,500 of indirect materials and 511,800 of Indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form Job 301 Direct materials $10,500 Direct labor 7,200 Factory overhead 4.752 Total $22,452 Job 302 Direct materials $21,600 Direct labor 15,600 Factory overhead 10,296 Total $47,496 ax 9:49 AM eBook Job 303 Direct materials $23,800 Direct labor 19,100 Factory overhead Job 304 Direct materials $15,900 14,000 Direct labor Factory overhead Required: Journalize the Jan 31 summary entries to record each of the following operations for January (one entry for each operation). Refer to the Chart of Accounts for exact wording of account titles. A. Direct and indirect materials used, B. Direct and indirect labor used. C. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost), D. Completion of Jobs 301 and 302 Journalize the Jan. 31 summary entries to record each of the following operations for January (one entry for each operation), Refer to the Chart of Accounts for exact wording of account titles. A. Direct and indirect materials used B. Direct and indirect labor used, C. Factory overhead applied to all four jobs a single overhead rate is used based on direct labor cost). D. Completion of Jobs 301 and 302 JOURNAL . DATE DESCRIPTION POST. RET DEBIT CREDIT ASSET 1 2 3 4 5 6 7 8 9 10

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Connect For Financial Accounting Fundamentals

Authors: Author

8th Edition

126411169X, 9781264111695

More Books

Students also viewed these Accounting questions

Question

Discuss possible explanations of the whistleblowers plight.

Answered: 1 week ago