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P2-2a i Prepare journal entries for the month of April's transactions.. View transaction list Journal entry worksheet Saved Prev 1 of 1 Next Journal entry
P2-2a i Prepare journal entries for the month of April's transactions.. View transaction list Journal entry worksheet Saved Prev 1 of 1 Next Journal entry worksheet d. Record the indirect materials used and assigned to Factory Overhead. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Clear entry Record entry Prev 1 of 1 Next Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet e. Record the indirect labor used (and paid in cash) and assigned to Factory Overhead. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Record entry Clear entry Prev 1 of 1 Next SL P2-2a i ces Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 1 2 3 4 5 Saved 7 8 ... 11 f. Record the overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Clear entry Record entry Prev 1 of 1 Next ces Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet Prev 1 of 1 Next LP2-2a es Prepare journal entries for the month of April's transactions.. View transaction list Journal entry worksheet 1 Saved 4 5 6 7 8 9 10 " 11 k. Record the close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Clear entry Record entry Prev 1 of 1 Next MacBook Air GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Richards Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead Status on April 30 $ 40,400 19,800 9,900 Job 306 Job 307 Job 308 $ 32,600 23,600 11,800 138,600 92,200 225,400 159,000 $ 101,800 106,800 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $503,600, and total factory payroll cost in April is $382,800. c. Actual overhead costs incurred in April are indirect materials, $51,800; indirect labor, $24,800; factory rent, $33,800; factory utilities, $20,800; and factory equipment depreciation, $54,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $630,000 cash in April
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