Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer both questions More Info a. Incurred and paid Web site expenses, $2,300. b. Incurred manufacturing wages of $10,000, 65% of which was direct

please answer both questions

image text in transcribedimage text in transcribedimage text in transcribed

More Info a. Incurred and paid Web site expenses, $2,300. b. Incurred manufacturing wages of $10,000, 65% of which was direct labor and 35% of which was indirect labor. c. Purchased raw materials on account, $19,000 d. Used in production: direct materials, $8,000; indirect materials, $3,500 e. Recorded manufacturing overhead: depreciation on plant, $17,000; plant insurance (previously paid), $1,600; plant property tax, $3,700 (credit Property Tax Payable) f. Allocated manufacturing overhead to jobs, 150% of direct labor costs g. Completed production on jobs with costs of $32,000. h. Sold inventory on account, $26,000; cost of goods sold, $14,000. i. Adjusted for overallocated or underallocated overhead. Print Done Journalize the following transactions for Blanche's Benches. Explanations are not required. i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) i Data Table Finished Goods Inventory Raw Materials Inventory Work-in-Process Inventory 27,000 (a) (c) (d) (b) 32,000 4,500 8,400 Bal 2,000 Bal 4,900 Bal 2,000 Accumulated Depreciation Accounts Payable Wages Payable 12,000 27,000 (e) Manufacturing Overhead Cost of Goods Sold 1,000 8,400 (g) 1,100 () 5,700 12,000 Bal. Bal 35,700 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditor Going Concern Reporting A Review Of Global Research And Future Research Opportunities

Authors: Marshall A. Geiger, Anna Gold, Philip Wallage

1st Edition

0367649489, 978-0367649487

More Books

Students also viewed these Accounting questions

Question

=+b. What was the amount of gross profit?

Answered: 1 week ago