Memory Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in is a job. The following events occurred during May Click the icon to view the events.) Read the requirements Requirement 1. Record the events in the general journal (Record debits first, then credits. Exclude explanations from any jumal entries Start with the entry from event (a). Purchased materials on account. $470,000. Joumal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question a. b. Purchased materials on account, $470.000. Incurred total manufacturing wages of $113,000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows: Direct Labor G Chalet 13 14,000 C 9 Chalet 14 28.800 Chalet 15 19,000 Chalet 16 21,400 Requisitioned direct materials in manufacturing as follows: 6 Print Done More Info c. Requisitioned direct materials in manufacturing as follows: Direct Materials Chalet 13 ..............$ 41,200 Chalet 14 56,800 Chalet 15 62,100 Chalet 16 Depreciation of manufacturing equipment used on different chalets, $6.100. e. Other overhead costs incurred on Chalets 13-16: 66,100 Print Done * More Info Chalet 15 62.100 Chalet 16 66,100 Depreciation of manufacturing equipment used on different chalets, $6,100. Other overhead costs incurred on Chalets 13-16: d. e. f. g. h. Equipment rentals paid in cash.....$ 10,300 Prepaid plant insurance expired 5,000 Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost. Chalets completed: 13, 15, and 16. Chalets sold on account: 13 for $94,000 and 16 for $142,000. Print Done Memory Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory syste is a job. The following events occurred during May Click the icon to view the events.) Read the requirements. (b) incurred total manufacturing wages of $113,000, which included both direct labor and indirect labor Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question U on to view the events.) Read the requirements (c) Requisitioned direct materials in manufacturing. Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next quest Click the icon to view the events.) Read the requirements. (d) Depreciation of manufacturing equipment used on different chalets, $6,100. Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Memory Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory s is a job. The following events occurred during May. Click the icon to view the events.) Read the requirements (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 Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Read the requirements. (9) Chalets completed: 13, 15, and 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 que Previous on to view the events.) Read the requirements. (h) Chalets sold on account: 13 for $94.000 and 16 for $142.000. First record the sale of the chalets Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next questio Read the requirements Next, record the cost of goods sold. 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 Click the icon to view the events.) Read the requirements Requirement 2. Post the appropriate entries to the T-accounts, identifying each entry by letter. Determine the ending account balances, assuming that the beginning balances were zero. Identify the ending account balance with the Bareference on the applicable side of the account Work in Process Inventory Finished Goods Inventory Choose from any list or enter any number in the inputtelds and then continue to the next question read the requirements Work in Process Inventory Finished Goods Inventory Choose from any list or enter any number in the input fields and then continue to the next question. s a job. The following events occurred during May: A (Click the icon to view the events.) Read the requirements. Reconciliation of Work in Process Inventory Subsidiary and Control Accounts Unfinished chalet: Direct materials Direct labor Choose from any list or enter any number in the input fields and then continue to the UN UTe cun to view the events.) Read the requirements. Unfinished chalet Direct materials Direct labor Manufacturing overhead (60% of labor) Total cost equals Work in Process balance Choose from any list or enter any number in the input fields and then continue to Read the regrements Requirement 4. Summarize the cost of the completed chalet that has not yet been sold and show that this equals the game in Finished Goods Memory Homes Resonciliation of Finished Goods Inventory Subsidiary and Control Accounts Choose from anyo ne any number in the patient Read the requirements. and Control Accounts Completed, unsold chalet: Direct materials Direct labor Manufacturing overhead (60% of labor)! Choose from any list or enter any number in the input fields and then continue to t D atenars Direct labor 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 mu Begin by determining which costs must be included to compute gross profit for Memory Choose from any list or enter any number in the input fields and then continue to U n to view the events) Read the regurements Requirements. 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 grous profit must over these types of costs: (Complete all answer boxes.) Choose from any list or enter any number in the input fields and then continue to the next question ICC une icon to view the events.) Read the requirements. The gross profit must cover these types of costs: (Complete all answer b Choose from any list or enter any number in the input fields and then Previous Memory Homes manufactures prefabricated chalets in Colorado. The compan is a job. The following events occurred during May: (Click the icon to view the events.) Read the requirements. Now compute the gross profit for each chalet sold. Memory Homes Gross Profit on Chalets Sold In May Less: Choose from any list or enter any number in the input fields and then contin (Click the icon to view the events.) Read the requirements. 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 t Memory Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in is a job. The following events occurred during May Click the icon to view the events.) Read the requirements Requirement 1. Record the events in the general journal (Record debits first, then credits. Exclude explanations from any jumal entries Start with the entry from event (a). Purchased materials on account. $470,000. Joumal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question a. b. Purchased materials on account, $470.000. Incurred total manufacturing wages of $113,000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows: Direct Labor G Chalet 13 14,000 C 9 Chalet 14 28.800 Chalet 15 19,000 Chalet 16 21,400 Requisitioned direct materials in manufacturing as follows: 6 Print Done More Info c. Requisitioned direct materials in manufacturing as follows: Direct Materials Chalet 13 ..............$ 41,200 Chalet 14 56,800 Chalet 15 62,100 Chalet 16 Depreciation of manufacturing equipment used on different chalets, $6.100. e. Other overhead costs incurred on Chalets 13-16: 66,100 Print Done * More Info Chalet 15 62.100 Chalet 16 66,100 Depreciation of manufacturing equipment used on different chalets, $6,100. Other overhead costs incurred on Chalets 13-16: d. e. f. g. h. Equipment rentals paid in cash.....$ 10,300 Prepaid plant insurance expired 5,000 Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost. Chalets completed: 13, 15, and 16. Chalets sold on account: 13 for $94,000 and 16 for $142,000. Print Done Memory Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory syste is a job. The following events occurred during May Click the icon to view the events.) Read the requirements. (b) incurred total manufacturing wages of $113,000, which included both direct labor and indirect labor Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question U on to view the events.) Read the requirements (c) Requisitioned direct materials in manufacturing. Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next quest Click the icon to view the events.) Read the requirements. (d) Depreciation of manufacturing equipment used on different chalets, $6,100. Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Memory Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory s is a job. The following events occurred during May. Click the icon to view the events.) Read the requirements (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 Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Read the requirements. (9) Chalets completed: 13, 15, and 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 que Previous on to view the events.) Read the requirements. (h) Chalets sold on account: 13 for $94.000 and 16 for $142.000. First record the sale of the chalets Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next questio Read the requirements Next, record the cost of goods sold. 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 Click the icon to view the events.) Read the requirements Requirement 2. Post the appropriate entries to the T-accounts, identifying each entry by letter. Determine the ending account balances, assuming that the beginning balances were zero. Identify the ending account balance with the Bareference on the applicable side of the account Work in Process Inventory Finished Goods Inventory Choose from any list or enter any number in the inputtelds and then continue to the next question read the requirements Work in Process Inventory Finished Goods Inventory Choose from any list or enter any number in the input fields and then continue to the next question. s a job. The following events occurred during May: A (Click the icon to view the events.) Read the requirements. Reconciliation of Work in Process Inventory Subsidiary and Control Accounts Unfinished chalet: Direct materials Direct labor Choose from any list or enter any number in the input fields and then continue to the UN UTe cun to view the events.) Read the requirements. Unfinished chalet Direct materials Direct labor Manufacturing overhead (60% of labor) Total cost equals Work in Process balance Choose from any list or enter any number in the input fields and then continue to Read the regrements Requirement 4. Summarize the cost of the completed chalet that has not yet been sold and show that this equals the game in Finished Goods Memory Homes Resonciliation of Finished Goods Inventory Subsidiary and Control Accounts Choose from anyo ne any number in the patient Read the requirements. and Control Accounts Completed, unsold chalet: Direct materials Direct labor Manufacturing overhead (60% of labor)! Choose from any list or enter any number in the input fields and then continue to t D atenars Direct labor 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 mu Begin by determining which costs must be included to compute gross profit for Memory Choose from any list or enter any number in the input fields and then continue to U n to view the events) Read the regurements Requirements. 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 grous profit must over these types of costs: (Complete all answer boxes.) Choose from any list or enter any number in the input fields and then continue to the next question ICC une icon to view the events.) Read the requirements. The gross profit must cover these types of costs: (Complete all answer b Choose from any list or enter any number in the input fields and then Previous Memory Homes manufactures prefabricated chalets in Colorado. The compan is a job. The following events occurred during May: (Click the icon to view the events.) Read the requirements. Now compute the gross profit for each chalet sold. Memory Homes Gross Profit on Chalets Sold In May Less: Choose from any list or enter any number in the input fields and then contin (Click the icon to view the events.) Read the requirements. 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 t