Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me answer journal entry worksheets for this practice problem parts A-G A B C D E F G Exerclse 3-23 (Algo) Recording production

please help me answer journal entry worksheets for this practice problem parts A-G
A image text in transcribed
B
image text in transcribed
C
image text in transcribed
D
image text in transcribed
E
image text in transcribed
F
image text in transcribed
G
image text in transcribed
Exerclse 3-23 (Algo) Recording production costs LO P3, P4 Re-Tire produces bagged mulch from recycled tires. Production involves shredding tires and packaging the pieces in the Bagging department. All direct materials enter in the Shredding process. A predetermined overhead rate of 195% of direct labor costs is used both departments. The following describes production operations for October. Sales (on credit) for the month total $430,000 and cost of goods sold for the month is $244,000. Prepare journal entries dated October 31 to record October production activities for (1) direct materials usage. (2) direct labor usage. (3) overhead applied, (4) costs transfer from Shredding to Bagging, (5) costs transfer from Bagging to finished goods. (6) credit sales, and (7) cost of goods sold. Journal entry worksheet Record direct labor used in production, but not yet paid. Note: Enter detils butcre cristis. Re-Tire produces bagged mulch from recycled tires. Production involves shredding tires and packaging the pieces in the Bagging department. All direct materials enter in the Shredding process. A predetermined overhead tate of 195% of direct fabor costs is used in both departments. The following describes production operations for October: Sales (on credit) for the month total $430,000 and cost of goods sold for the month is $244,000. Prepare joumal entries dated October 31 to record October production activities for (1) direct materials usage. (2) direct labor usage. (3) overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold. Journal entry worksheet Record the transfer of goods to finished goods. Re-Tire produces bagged mulch from recycled tires. Production involves shredding tires and packaging the pieces in the Bagging department. All direct materials enter in the Shredding process. A predetermined overhead rate of 195% of direct labor costs is used both departments. The following describes production operations for October. Sales (on credit) for the month total $430,000 and cost of goods sold for the month is $244,000. Prepare joumal entries dated October 31 to record October production activities for (1) direct materials usage, (2) direct labor usage, (3) overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transter from Bagging to finished goods. (6) credit sales, and (7) cost of goods sold. Journal entry worksheet Exerclse 323 (Algo) Recording production costs LO P3, P4 Re-Tire produces bagged mulch from recycled tires. Production involves shredding tires and packaging the pleces in the Bagging department. All direst materials enter in the Shredding process. A predetermined overhead rate of 195% of direct labor costs is used in poth departments. The following describes production operations for October Sales (on credit) for the month total $430,000 and cost of goods sold for the month is $244,000. Prepare journal entries dated October 31 to record October production activities for (1) difect materials usage,. (2) direct labor usage. (3) overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transfer from Bagging to finished goods, (6) credit sales. and (7) cost of goods soid. Journal entry worksheet Exerclse 3-23 (Algo) Recording production costs LO P3, P4 Re-Tire produces bagged mulch from recycled tires. Production involves shredding tires and packaging the pieces in the Bagging department, All direct materials enter in the Shredding process. A predetermined overhead rate of 195% of direct labor costs is used in both departments. The following describes production operations for October. Sales (on credit) for the month total $430.000 and cost of goods sold for the month is $244,000. Prepare journal entries dated October 31 to record October production activities for (1) direct materials usage. (2) direct labor usage, (3) overhead applied. (4) costs transfer from Shredding to Bagging. (5) costs transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold. Re-Tire produces bagged mulch from recycled tires. Production involves shredding tires and packaging the pieces in the Bagging deparment. All direct materials enter in the Shredding process. A predetermined overhead rate of 195% of direct labor costs is used in both departments, The following describes production operations for October. Sales (on credit) for the month total $430,000 and cost of goods soid for the month is $244,000. Prepare joumal entries dated October 31 to record October production activities for (i) direct materlals usage. (2) direct labor usage, (3) overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold. Journal entry worksheet Re-Tire produces bagged mulch from recycled tires. Production involves shredding tires and packaging the pieces in the Bagging deparment. All direct materials enter in the Shredding process. A predetermined overhead rate of 195% of direct labor costs is used in both departments. The following describes production operations for October. Sales (on credit) for the month total $430,000 and cost of goods sold for the month is $244,000. Prepare journal entries dated October 3 to record October production activities for (1) direct matenials usage, (2) direct labor usage, (3) overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold. Journal entry worksheet Record the transter of goods from Shredding to Bagoing. Wuts Enter debits tiefore coudts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions