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Raw Materials opon des Work in Process = Assets Finished Goals Given) T-account HW: Enter the transactions into the appropriate t-accounts and include a letter for each entry. Turn in a paper copy at the start of class Tuesday Feh 9 a Beginning balance Raw Materials inventory = $3.500 Finished goods: 52.000 b. Purchased 18.000 of materials on account c. Requisitioned $24,000 of direct materials (50% Job #1: 30% Job 2 and 20% Job 83) and 52,000 of supplies into production 50 MOH 307 20" d. Direct labor cost incurred of $10.000 (53,000 Job #1. $2,000 Job 2.55,000 Job 13) e. Indirect labor costs incurred were $2,000 f. Repairs and maintenance on the factory was done for cash $5.400. g. Other manufacturing costs incurred during the month were $1,400 on account. h. Manufacturing overhead is applied to production at 135% of direct labor cost. 1. Jobs #1 and #2 were completed 1. Job #1 was sold and shipped to the customer. The customer was billed $43.000, k Received bill for shipping Job #1 $800. 1. Dispose of over or under allocated MOH Include a letter for every entry Work in Process() Raw Materials (A) + 0.3500 b. 18000 + Finished Goods + a. 2.000 Job Cost Ledger (subsidiary ledger of work in process) Job 1 Job #2 Job 13 Manufacturing Overhead (E) Cost of Goods Sold () Accounts Payable + 18.000 b. t Accumulated Depreciation de Freight Out Expense (6) Salaries/Wages Payable + + Accounts Receivable Sales Revenue (R Cash (A) +