Question
Materials Inventory: 15,000 WIP Inventory : 26,000 Manufacturing Overhead: 0 Finished Goods Inventory: 150,000 On September 1, 2019, Company had beginning balances as given below.
Materials Inventory: 15,000
WIP Inventory : 26,000
Manufacturing Overhead: 0
Finished Goods Inventory: 150,000
On September 1, 2019, Company had beginning balances as given below.
Materials Inventory: 15,000
WIP Inventory : 26,000
Manufacturing Overhead: 0
Finished Goods Inventory: 150,000
During September, the following transactions took place:
Sept 2: Purchased $2,400 of direct materials and $1,200 of indirect materials
Sept 3: Issue $12,400 of direct materials and $3,200 of indirect materials to production.
Sept 13: Pay $13,500 of direct factory labor cost, and $14,800 of indirect factory labor cost.
Required: Journalize the transactions occurred during September
Calculate ending balance of material inventory as of Sep 30,2019
Sept 2: Purchased $2,400 of direct materials and $1,200 of indirect materials
Sept 3: Issue $12,400 of direct materials and $3,200 of indirect materials to production.
Sept 13: Pay $13,500 of direct factory labor cost, and $14,800 of indirect factory labor cost.
Required: Journalize the transactions occurred during September
Calculate ending balance of material inventory as of Sep 30,2019.
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