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Please fill in the missing blanks. Thank you! Purt of Great Price Company Marla Young is the sole stockholder of Furl of Great Price Company

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Purt of Great Price Company Marla Young is the sole stockholder of Furl of Great Price Company (PoGP Company), which produces high-end knitted sweaters and sweater veste for sale te retall outsets, The company started in January of the current year, and employs three knitters (each of whom work 40 hours per week) and one ofhce manager/knitting supervisor (this employee warks 20 hours per week as offee manager, and 20 heurs per week as kritting swperviser). All wages are paid in cash at the end of each month. Fach knituer has a knitzing machine that is used about 2/3 of the knitter's time, the rest of the knitter's time being invoived in hand kntting and piecing together the gaments. The company aso has a packaging machine wed to wrap the garments in platic for shipping. Which is ogerated by the office manager/kniting supervisor. approximately 5 hours per week. The knittieg machines were gurchased on Jamuary 1 of the current yeat, and cost $2,400 each, with an anticipated useful life of 10 years asd no salvage value. The packaging machine was purchased on the same date and cost 54,800 , with the same anticipated useful life and saivage value. Nov. 30 Trial Batance Predetermined Factory Overhead Rate Since the company is more reliant on laber than machines, Maris decides to use drect labor nours (DLH) as the acivity baie for her potdetermicad factory oveinead mate, rather than machine hours (MH+). \begin{tabular}{lcccc} Time Ticket & No. 2274 & Name: & \multicolumn{2}{l}{ Josh Porter } \\ \hline Work Description: Knitting/piecing & & & \\ \hline Dates & Job No. & Hours Worked & Unit Price & Amount \\ \hline 12/0112/15 & 62 & 75 & $15 & $1,125 \\ 12/1612/31 & 83 & 88 & 15 & 1,320 \\ & & & Total Cost & $2,445 \\ \hline \hline \end{tabular} Job Cost sheets On Detember 10, PCGP Campany receives an order for 200 sweater vests and assigns job 83 to the order. Review the Matarials Reqairition table to add the materials to the lob Cost Sheet for job inz. On December 15, review the Time Thowet tables to ada the appropriate amount of direct latior and factery overtiead costs to the job cost 5 heet for lob 67 for the period December 1 through December 15. On Dectmber 31, the last work dey of the year fer the knitters, review Time Ticket tobles to add the appropriate amaunt of direct iabor and factory averifesd costs to the Job Cost sheet for Job 43 for the perod December 16 through December 31 . If there is no amaunt ar an amount a zero, enter "o". at resered, round your antaers to the nesenst cent. December 10, POGP Company receives an order for 200 sweater vests and assigns Job 83 to the order. Review the Materials Requisition table to joumalize the ntry to record the addition of the materials to Work in Process. If an amount box does not require an entry, leave it blank. Dec 10 Think abeut the fow of coests incumed io do a job and the accounts affected by saies to customers. On December 15, review the Time Ticket tebles to jourmalize the entry to record the addition of direct labor to Work in Process for the period December 1 through December 15. If an amount bax does not require an entry, leave it blank. Dec. 15 On Decrmber 15, review the Time Ticket tabies to jeumalize the entry to record the addition of factory overtiead to Work in Process for the period December 1 through December 15, If an amount box does not recuire an entry, leave it blank. Dee. 15 On December 21 , Job 62 is completed. Review the Job Cost sheets and your journal entries, Joumalize the tentry to move the associated costs to the finished goods account. If an amount bex does not reedire an entry, leave it blark. + Oreak My wat Partally conect Go Decenker 22,75 of the 100 wheaters fram Job 62 are coid on account for 3125 each, Journalize the following transectiens: a. The entry to record the sale b. The entry te record the tranafer of costi from Vinithed Cosds te Cost of Goobs Sold. If an amount box dses not require an entry. It ave it thank; rewitek come un whe Partaby consed 2 thore creos Wy winc wes renainst On December 31, the last work day of the year for the knitters, review the Time Ticket tables to journalize the entry to record the addition of direct labor to Work in Process for the period December 16 through December 31 . If an amount bax does not require an entry, leave it blank. Dec. 31 Fesonect "Doskuy Wian Correct On December 31, the last work day of the year for the knitters, review the Time Ticket tables to joumalize the entry to record the addition of factory overnead to Work in Process for the period December 16 through December 31 . If an amount box does not recuire an entry, leave it blank. Dec. 31 Fewitses 4 Cien Mi wat Partafy eared On December 31, joumalize the follewing transscions. Note thet expenses (b), (c). sip (d) wein paid in cash. one monebs opprecation on equoment Ore montris perroll tot at empleyees Cose montrit rese of 12,000 Oone manhis factery uliewes if 41.2 ?3 On December 31, prepare the journal entry to dispose of the balance in the factory everhead account. If an amount box does not require an entry, ieave it blank. v. Cows 4 when Patinty correct Final Question What are the baiances in the folowing accounts as of becember. 317 If an amount is zere, enter 10. Final Question What are the balances in the following accounts as of December 317 if an amount is zero, enter 0. frution Tousurwis Purt of Great Price Company Marla Young is the sole stockholder of Furl of Great Price Company (PoGP Company), which produces high-end knitted sweaters and sweater veste for sale te retall outsets, The company started in January of the current year, and employs three knitters (each of whom work 40 hours per week) and one ofhce manager/knitting supervisor (this employee warks 20 hours per week as offee manager, and 20 heurs per week as kritting swperviser). All wages are paid in cash at the end of each month. Fach knituer has a knitzing machine that is used about 2/3 of the knitter's time, the rest of the knitter's time being invoived in hand kntting and piecing together the gaments. The company aso has a packaging machine wed to wrap the garments in platic for shipping. Which is ogerated by the office manager/kniting supervisor. approximately 5 hours per week. The knittieg machines were gurchased on Jamuary 1 of the current yeat, and cost $2,400 each, with an anticipated useful life of 10 years asd no salvage value. The packaging machine was purchased on the same date and cost 54,800 , with the same anticipated useful life and saivage value. Nov. 30 Trial Batance Predetermined Factory Overhead Rate Since the company is more reliant on laber than machines, Maris decides to use drect labor nours (DLH) as the acivity baie for her potdetermicad factory oveinead mate, rather than machine hours (MH+). \begin{tabular}{lcccc} Time Ticket & No. 2274 & Name: & \multicolumn{2}{l}{ Josh Porter } \\ \hline Work Description: Knitting/piecing & & & \\ \hline Dates & Job No. & Hours Worked & Unit Price & Amount \\ \hline 12/0112/15 & 62 & 75 & $15 & $1,125 \\ 12/1612/31 & 83 & 88 & 15 & 1,320 \\ & & & Total Cost & $2,445 \\ \hline \hline \end{tabular} Job Cost sheets On Detember 10, PCGP Campany receives an order for 200 sweater vests and assigns job 83 to the order. Review the Matarials Reqairition table to add the materials to the lob Cost Sheet for job inz. On December 15, review the Time Thowet tables to ada the appropriate amount of direct latior and factery overtiead costs to the job cost 5 heet for lob 67 for the period December 1 through December 15. On Dectmber 31, the last work dey of the year fer the knitters, review Time Ticket tobles to add the appropriate amaunt of direct iabor and factory averifesd costs to the Job Cost sheet for Job 43 for the perod December 16 through December 31 . If there is no amaunt ar an amount a zero, enter "o". at resered, round your antaers to the nesenst cent. December 10, POGP Company receives an order for 200 sweater vests and assigns Job 83 to the order. Review the Materials Requisition table to joumalize the ntry to record the addition of the materials to Work in Process. If an amount box does not require an entry, leave it blank. Dec 10 Think abeut the fow of coests incumed io do a job and the accounts affected by saies to customers. On December 15, review the Time Ticket tebles to jourmalize the entry to record the addition of direct labor to Work in Process for the period December 1 through December 15. If an amount bax does not require an entry, leave it blank. Dec. 15 On Decrmber 15, review the Time Ticket tabies to jeumalize the entry to record the addition of factory overtiead to Work in Process for the period December 1 through December 15, If an amount box does not recuire an entry, leave it blank. Dee. 15 On December 21 , Job 62 is completed. Review the Job Cost sheets and your journal entries, Joumalize the tentry to move the associated costs to the finished goods account. If an amount bex does not reedire an entry, leave it blark. + Oreak My wat Partally conect Go Decenker 22,75 of the 100 wheaters fram Job 62 are coid on account for 3125 each, Journalize the following transectiens: a. The entry to record the sale b. The entry te record the tranafer of costi from Vinithed Cosds te Cost of Goobs Sold. If an amount box dses not require an entry. It ave it thank; rewitek come un whe Partaby consed 2 thore creos Wy winc wes renainst On December 31, the last work day of the year for the knitters, review the Time Ticket tables to journalize the entry to record the addition of direct labor to Work in Process for the period December 16 through December 31 . If an amount bax does not require an entry, leave it blank. Dec. 31 Fesonect "Doskuy Wian Correct On December 31, the last work day of the year for the knitters, review the Time Ticket tables to joumalize the entry to record the addition of factory overnead to Work in Process for the period December 16 through December 31 . If an amount box does not recuire an entry, leave it blank. Dec. 31 Fewitses 4 Cien Mi wat Partafy eared On December 31, joumalize the follewing transscions. Note thet expenses (b), (c). sip (d) wein paid in cash. one monebs opprecation on equoment Ore montris perroll tot at empleyees Cose montrit rese of 12,000 Oone manhis factery uliewes if 41.2 ?3 On December 31, prepare the journal entry to dispose of the balance in the factory everhead account. If an amount box does not require an entry, ieave it blank. v. Cows 4 when Patinty correct Final Question What are the baiances in the folowing accounts as of becember. 317 If an amount is zere, enter 10. Final Question What are the balances in the following accounts as of December 317 if an amount is zero, enter 0. frution Tousurwis

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