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McKeever Auto EV manufactures parts for electric cars. McKeever Auto reports the following for September:TRANSACTIONAMcKeever Auto purchases $ 5 4 , 0 0 0 in
McKeever Auto EV manufactures parts for electric cars. McKeever Auto reports the following for September:TRANSACTIONAMcKeever Auto purchases $ in raw materials on accountcreditBMcKeever Auto pays $ in cash for factory electricity.McKeever Auto owes its factory assembly line laborers $hint: has not paid them yet, but will in futureDMcKeever Auto paid $ cash in Research and Development R&D costs.EMcKeever Auto incurs $ in depreciation on factory equipment hint: Accumulated Depreciation is Credit entryFMcKeever Auto's monthly insurance on the factory building is $ The insurance was paid in a lump sum payment in July Hint: we used $K from the prepaid insurance account, which is credit entryGMcKeever Auto uses a total of $ worth of raw materials in production. Of that amount, $ is indirect materials like cleaning and maintenance supplies.HMcKeever Auto incurs $ in indirect labor payroll for the production supervisor wages have not been paidMcKeever Auto paid $ cash in marketingadvertising costs.JMcKeever Auto determines that $ of manufacturing overhead should be applied to parts completed during September Hint: Applied MOH is put in "process"KMcKeever Auto determines its cost of goods manufactured COGM during the month totals $McKeever Auto sells goods that cost a total of $ to produce. The sales revenue generated from these sales equaled $ and was collected in cash at the time of sale.MMcKeever Auto paid $ cash for the CEO's Salary not involved in production process
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