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please help with 6-9 which is letter E onward Prepare summary journal entries to record the following transactions for a company in its first month
please help with 6-9 which is letter E onward
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $90,000. b. Direct materials used in production, $36,500. Indirect materials used in production, $19,200. c. Paid cash for factory payroll, $50,000. Of this total, $38,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $11,475. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $56,800. 91. Jobs that had a cost of $56,800 were sold. g2. Sold jobs on account for $82,000. View transaction list Journal entry worksheet Record the entry to apply overhead at a rate of 125% of direct labor cost. Note: Enter debits before credits. General Journal Debit Credit Transaction e. Record entry Clear entry View general journalStep by Step Solution
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