need help with all journal entries. Its one question.
Required information [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a Job order costing system. April 30 May 31 $ $27,000 9,700 59,000 41,000 19,000 34,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 187,000 250,000 14,000 57,500 102,000 1,600,000 555 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage Prepare journal entries for the above transactions for the month of May, Answer is not complete. No General Journal Credit Transaction 1 Dobit 187,000 Raw materiale inventory Cath 187,000 B 2 No Transaction Recorded The following information is available for Lock-Tite Company, which produces special-order security products and Job order costing system. April 30 May 31 $ $27,000 9,700 59,000 41,000 19,000 34,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 187,000 250,000 14,000 57,500 102,000 1,600,000 55% 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet B Record the entry to assign direct materials to jobs. Note: Enter debits before credits Transaction General Journal Debit Credit 2 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $27,000 9,700 59,000 41,000 19,000 34,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 187,200 250,000 14,000 57,500 102,000 1,600,000 55% 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet Record the entry to assign indirect materials to jobs. Note: Enter debits before credits Debit Credit Transaction General Journal 3 7 BEE Next >
