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Please answer all step by step ASAP. need to review a. Purchased $100,700 of raw materials on credit. b. Materials requisitions show the following materials
Please answer all step by step ASAP. need to review
a. Purchased $100,700 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 48,900 24,300 73,200 9,320 $ 82,520 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 39,900 13,300 53,200 24,900 $ 78,100 d. 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. 1. (1) Sold Job 201 for $165,860 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 Rent on factory building, payable) Expired factory insurance Total other factory overhead costs $ 32,700 570 870 3,700 $ 37,840 ! Required information 5,7 Expirea actory insurance Total other factory overhead costs $ 37,840 Prepare journal entries to record the transactions reflected in items a through g. View transaction list Journal entry worksheet Step by Step Solution
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