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Please help me figure out how to get the numbers for the WIP control Debit and Materials Control Credit because I understand account names, not
Please help me figure out how to get the numbers for the WIP control Debit and Materials Control Credit because I understand account names, not how to do the math. Please show how you get the numbers. Thank you.
E4-29 (similar to) E Question Help The University of Chicagn Fress is wholly owned by the university. It performa tha hulk of its work in other university departments, which pay an incugh the praca ware an outside business entornrisa. Thessalo punishes and maintains a sick of banks for general Sal. The pressuses normal pasting to cost anjos. Ils job-costing system as two direct cost categories direct materias and direct manufacturing labor) and one indirect-cost pool(marufacturing overted, alocated on the basis of direct mariacturing our costs. The following data (in thousands) pertain to 2017: PER (Click the loan to view the data. Read the requirements C D Cos. Allocation Base Direct Manufacturing Labor Cost i Data Table E F Cos. Object: Print Job Indirect Coats Direct Cools Direct Costa Direct Materials Direct Manufacturing Labor H | J Requirement 2. Prepar jaumalandras to summarize the 2017 transactions. As your final entry dispose of the year and under-ar overalocated manufacturing overhead Exclude explerenons from any ouma entries. Direct materials and supplies purchased on credt 5890 Joumal Entry Accounts Debit Credit In thousands Malenals Contral Accounts Payable Control Drect materals and supplies purchased or credit Direct materials used Indirect matras sound to various production departments Direct manufacturing labor Indirect manufachuring labor insured by various production departments Depreciation on building and manufacturing equipment Miscelangous manufamturing over and insured hy wartaus production departments fordinarily would be detailed as repairs, photocopying, utilities, etc) Manufaturing over and allocated at 170% of direct manufacturing labor costs Cos of goods manufactured RevRS Cost of goods sold before adjustment for under or overalocalec manufacturing overhead Inventories, December 31, 2016 inot 2017 Materials Control Wor-in-Process Control Finished eccs Control "The term manufacturing overhead is not used unitomly. Other terms that are often encountered in printing companies include ob overtread and shop overhead. Record the dred materials a 1, $750 Joumal Entry Accounts Debit Credit in thousands) 210 210 Work in Process Control Malarials Control Print Done Choose from any list ar antarany number in the input files and then cick Check Arsur. 11 parts I remaining Clear All Final CheckStep by Step Solution
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