Please do all the journal entries all 1-13 it's all part of number 2
Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 (The following information applies to the questions displayed below.) Part 2 of 4 Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. points eBook Job 306 Job 307 Job 308 Print $ 29,000 20,000 10,000 References $ 35,000 18,000 9,000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 220,000 150,000 $100,000 105,000 135,000 85,000 ? Finished (sold) ? Finished (unsold) process Problem 02-1A Part 2 a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. Screenshot Materiala nrnbararlan Adit Required information Part 2 of 4 d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory. h. Cost of goods sold for Job 306. i. Revenue from the sale of Job 306. j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is no material.) points eBook 2. Prepare journal entries for the month of April to record the above transactions. Print References View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ..... 13 Record the entry for Materials purchases (on credit). Note: Enter debits before credits. Transaction General Journal Debit Screenshot Required information View transaction list Part 2 of 4 Journal entry worksheet 1 2 3 4 points 5 6 7 8 ..... 13 > eBook Record the entry for Materials purchases (on credit). Print References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Screenshot Required information View transaction list Part 2 of 4 Journal entry worksheet eBook Record the direct materials used in production. Print References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Screenshot Required information View transaction list Part 2 of 4 Journal entry worksheet eBook Record the Direct labor paid and assigned to Work in Process Inventory. Print References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Screenshot Required information View transaction list Part 2 of 4 Journal entry worksheet eBook Record the indirect labor paid and assigned to Factory Overhead. Print References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Screenshot Required information View transaction list Part 2 of 4 Journal entry worksheet eBook Record the entry for Overhead costs applied to Work in Process Inventory. Print References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Screenshot Required information View transaction list Part 2 of 4 Journal entry worksheet points eBook Record depreciation on factory equipment. Print References Note: Enter debits before credits. Transaction General Journal Debit Credit f(3). Record entry Clear entry View general journal Screenshot Required information View transaction list Part 2 of 4 Journal entry worksheet eBook Record the entry for transfer of Jobs 306 and 307 to Finished Goods Inventory. Print References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Screenshot Required information View transaction list Part 2 of 4 Journal entry worksheet
