Part20f3 3 poi nts E'BOOK Print RETEI'E HC 95 a. Purchased $101,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 231 $ 49,293 Job 232 24,689 Total direct materials 73,868 Indirect materials 9,629 Total materials used $ 83,429 c. Time tickets show the following labor used for the month. Job 231 $ 43,233 Job 232 13,533 Total direct labor 53,833 Indirect labor 25,233 Total labor used $ 79,383 cl. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $166,760 on credit. [2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment $ 33,333 Rent on factory building (payable) 633 Factory utilities (payable) 9313 Expired factory insurance 4,333 Total other factory overhead costs $ 33,599 3 X Answer is complete but not entirely correct. No Transaction General Journal Debit Credit Part 2 of 3 1 a Raw materials purchased X 101,000 Accounts payable V 101,000 3 2 b ( 1 ) . Work in process inventory 73,800 points Raw materials inventory V 73,800 3 b(2). Factory overhead V 9,620 Raw materials inventory V 9,620 4 c(1) Work in process inventory V 53,800 Cash X 53,800 5 c(2). Factory overhead 25,200 Cash X 25,200 6 d Work in process inventory 59,040 Factory overhead 59,040 e. Finished goods inventory 39,360 X Work in process inventory 39,360 X6 (1. Work in process inventory a 50,040 a Factory overhead 0 59,040 a ? 9. Finished goods inventory a 39,360 6 Work in process inventory a 39.360 9 8 Finished goods inventory 128,760 a Work in process inventory 128,760 a 9 Cost of goods sold 128,760 0 Finished goods inventory 128.760 0 1o Factory overhead 38,500 a Accumulated depreciationFactory equipment Rent payable Factory utilities Prepaid insurance