On August 1st Custom Car Cos work in process inventory was $33200; its raw materials inventory was $8000; manyfacturing overhead had a $2400 debit balance.

Please help with C,D,E

A. Journalize the following transactions: 8/5 Raw materials of $14400 are purchased on account from Wholesaler Co. 8/8 $3200 is paid to repair factory equipment (ck#522). 8/11 Factory rent of $4800 is paid (ck #523). 8/15 Depreciation on factory equipment totals $6400 for the month. 8/30 Property taxes for the factory total $1600. They're due next month. Date Account Cr. 5-Aug Raw materials inventory 14,400 Accounts payable 14,400 (Purchase RM-Wholesaler) Dr. 8-Aug 200 Manufacturing overhead Cash (Repairs - Ck #522) 3,200 11-Aug 4.800 Manufacturing overhea Cash Rent-Ck #523) 4,800 15-Aug 6,400 Manufacturing overhead Accumulated depreciation - equip Depreciation factory equip 6,400 1.600 30-Aug Manufacturing overhead Accounts payable (Property taxes) 1.600 40 B. Record journal entries given the following information for August. Material Job Requisitions Time Tickets Mercedes $3,200 $2,400 Corvette $2,400 $4,000 Murcielago $8,000 $6,400 Land Rover $5.600 $3,200 $19,200 $16,000 General use* $1,600 $20,000 $17,600 *Idle time, cleaning & maintenance, indirect materials, etc.) $800 Cr. Date 31-Aug Account create Manufacturing overhead Work in process inventory Raw materials inventory Raw materials issued into production) Dr. 800 19,200 20,000 31-Aug 1,600 16,000 Manufacturing overhead Work in process inventory Cash (Assign labor costs) 17.600 C. Estimated manufacturing overhead for the year was $200000. Overhead is applied based on direct labor dollars (estimated at $160000 for the year). Use this information to calculate predetermined overhead rate and apply manufacturing overhead. 31-Aug Work in process inventory 250,000 Manufacturing overhead (Apply overhead using PDO) in ons 74 75 76 D. Using info from A-C above, calculate the cost of each job by completing the following table. Mercedes Corvette Murcielago Land Rover Beg. WIP XXXX Direct Materials XXXX Direct Labor XXXX Man. Overhead XXXX Total Cost XXXX 11 E. The Mercedes, Corvette, and Murcielago jobs are completed and sold on account for $22320, $35280, & $32118 respectively. Journalize below. 31-Aug Finished goods inventory Work in process inventory (Complete Mercedes, Corvette, Murcielago jobs) 31-Aug Accounts receivable Accounts receivable Accounts receivable Accounts receivable (Sold Mercedes, Corvette & Murcielago jobs on account Times New Roman - 11 AA O as Wrap Text Paste BI U DA E B Merge & Center Clipboard Font Alignment 089 Accounts receivable DEFGHIK Exercise 8 On August 1st, Custom Car Co's work in process inventory was $33200; its raw materials inventory was $8000; manufacturing overhead had a $2400 debit balance. Job Mercedes Corvette Murcielago Work in Process Subsidiary Data 8/1: Direct Materials Direct Labor $6,400 $1,600 $4,800 $4,000 $4.000 $2.400 $15,200 $8,000 Man Overhead $2,000 $5,000 $3.000 $10,000