Memory Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory syster (Click the icon to view the events.) More Info $ Read the requirements a. Purchased materials on account, $410,000 Requirement 1. Record the events in the general journal (Record debits first, the credits. Exclude explanations b. Incurred total manufacturing wages of 5117,000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows: Start with the entry from event (a). Purchased materials on account, $410,000 Direct Labor Journal Entry Chalet 13 $ 14.900 Date Accounts Debit Credit Chalet 14 $ 20.200 Chalet 15 $ 19.500 Chalet 16 21.800 Requisitioned direct mailin marturing as follows: Direct Materials b) incurred total manufachuring wages of $117,000, which included both direct labor and director Chalet 13 $ 41.500 Journal Entry Cha 56.000 Date Accounts Debit $ Credit Chalet 15 62.500 . 56.000 d. Depreciation of manufacturing equipment used on different che, 56,000 Other Overhead costs incurred on Chai 13-16 Eviment rental cash 10.900 (c) Requisitioned direct materials in mancung Prepaid plurance 7.000 Alocated overhead to jobs at the determined to 60% of rect labor cost Journal Entry Chalets completed, and to Die Account Debit Hold on cu 13 for 100.000 and $141.000 Credit Choose from any store any number in the inputs and then continue to the next question Print Done Read the requirements. (c) Requisitioned direct materials in manufacturing. Journal Entry Date Accounts Debit Credit (d) Depreciation of manufacturing equipment used on different chalets, $6,800. Journal Entry Date Accounts Debit Credit (e) Other overhead costs incurred on Chalets 13-16. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Read the requirements. (1) Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost. Journal Entry Date Accounts Debit Credit (9) Chalets completed: 13, 15, and 16. Journal Entry Date Accounts Debit Credit (h) Chalets sold on account: 13 for $95,000 and 16 for $141,000. First record the sale of the chalets. Date Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Read the Next, record the cost of goods sold. Journal Entry Daha Accounts Debit Credit h. Requirement 2. Post the cropriate entries to the accounts, identlying each entry by later. Determine the ending account balance, mauming that the beginning bulances were zero. identify the ending account balance with the 8" reforce on the webside of the Work in Process Inventory Finished Goods Evertory Requirement 3. Summate the jobs of the fried chat and show that this the ending balance in Work in Procesory Hodtects of the infrared that and how that this total amount oquals the ending balance in the Work in procent hvertory account Memory Memes Recondition of Work in Process tvertory Subsidiary and Control Accounts Choose from wystawy number in the outsand the continue to the nation Memory Homes Reconciliation of Work in Process Inventory Subsidiary and Control Accounts Unfinished chalet: Direct materials Direct labor Manufacturing overhead (60% of labor) Total cost equals Work in Process balance Requirement 4. Summarize the job cost of the completed chalet that has not yet been sold and show that this equals the end Memory Homes Reconciliation of Finished Goods Inventory Subsidiary and Control Accounts Completed, unsold chalet: Direct materials Direct labor Manufacturing overhead (60% of labor) Total cost equals Finished Goods balance Choose from any list or enter any number in the input fields and then continue to the next question. Read the requirements DUE TOT Manufacturing overhead (60% of labor) Total cost equals Finished Goods balance Requirement 5. Compute the gross profit on each chalet that was sold. What costs must the gross profit cover for Memory Homes? Begin by determining which costs must be included to compute gross profit for Memory Homes. The gross profit must cover these types of costs: (Complete all answer boxes.) Now compute the gross profit for each chalet sold. Memory Homes Gross Profit on Chalets Sold In May Less: Gross profit Choose from any list or enter any number in the input fields and then continue to the next