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please double check my work, if wrong show me what numbers and Excel formulas you used to get the right answer. the answers are useless
please double check my work, if wrong show me what numbers and Excel formulas you used to get the right answer. the answers are useless unless you have the formulas and where you got the numbers from. thank you in advance
Part 2: Prepare journal entries for the month of April to record the following transactions. a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. 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 124 and 125 to Finished Goods Inventory. h. Cost of goods sold for Job 124 . i. Revenue from the sale of Job 124 . j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. Wilson Company's March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $354,000. Overhead costs incurred in April are: indirect materials, $65,000; indirect Iabor, $36,500; factory rent, $40,000; factory utilities, $26,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 70% of direct labor cost. Job 124 is sold for $435,000 cash in April. Costs of the three jobs worked on in April follow. Overhead Rate 70% Total 220500 Accounts Payable B. Wok in Process Inventory
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