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need help with this journal entry please Exercise 15-18 (Algo) Recording transactions in job order costing LO P1, P2, P3, P4 Prepare journal entries to
need help with this journal entry please
Exercise 15-18 (Algo) Recording transactions in job order costing LO P1, P2, P3, P4 Prepare journal entries to record transactions a through h a. Raw materials purchased on credit, $94,000. b. Direct materials used, $40,500. Indirect materials used, $25,000. c. Direct labor used, $50,000. Indirect labor used, $20,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $7,875. ces e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $74,000. g. Sales of jobs on credit was $105,000. h. Cost of jobs sold was $74,000. View transaction list View Journal entry worksheet No General Journali Debit 1 Raw materials purchased Work in process inventory Direct materials used Cost of goods manufactured Direct materials used i Direct labor used Indirect labor 2 3 4 5 Transaction 1 a. b(1). b(2). c(1). c(2) 94,000 40,500 25,000 50,000 20,000 Credit 94,000 40,500 25,000 50,000 20,000 **** Tammi Step by Step Solution
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