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Post the above transactions for both years to the appropriate T-accounts. Just have a few numbers missing The following events apply to Stuart Manufacturing Company.

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Post the above transactions for both years to the appropriate T-accounts.

Just have a few numbers missing

The following events apply to Stuart Manufacturing Company. Assume that all transactions are cash transactions unless otherwise indicated. Transactions for the Year 1 Accounting Period 1. The company was started on January 1, Year 1, when it acquired $215,000 cash by issuing common stock. 2. The company purchased $58,000 of direct raw materials with cash and used $2,240 of these materials to make its products in January 3. Employees provided 1,100 hours of labor at $6.10 per hour during January. Wages are paid in cash. 4. The estimated manufacturing overhead costs for Year 1 were $78,300. Overhead is applied on the basis of direct labor hours. The company expected to use 13,500 direct labor hours during Year 1. Calculate an overhead rate and apply the overhead for January to work in process inventory. 5. The employees completed work on all inventory items started in January. The cost of this production was transferred to the Finished Goods Inventory account. Determine the cost per unit of product produced in January, assuming that a total of 2,100 units of product were started and completed during the month. 6. The company used an additional $49,700 of direct raw materials and 13,000 hours of direct labor at $6.10 per hour during the remainder of Year 1. Overhead was allocated on the basis of direct labor hours. 7. The company completed work on inventory items started between February 1 and December 31, and the cost of the completed inventory was transferred to the Finished Goods Inventory account. Determine the cost per unit for goods produced between February 1 and December 31, assuming that 28,000 units of inventory were produced. If the company desires to earn a gross profit of $2.60 per unit, what price per unit must it charge for the merchandise sold? 8. The company sold 27,000 units of inventory for cash at $9.90 per unit. Determine the number of units in ending inventory and the cost per unit incurred for this inventory. 9. Actual manufacturing overhead costs paid in cash were $79,700. 10. The company paid $39,300 cash for selling and administrative expenses. 11. Close the Manufacturing Overhead account. 12. Close the revenue and expense accounts. Cash Common Stock 215,000 1. 1. 8. 215,000 267,300 58,000 2. 6,71013 79,300 6. 79,7009 39,300 10. End. Bal. 0 215,000 End. Bal. 219,290 0 Retained Earnings Raw Materials 58,000 2. 12. 2,240 2. 49,700 6. End. Bal. End. Bal. 6,060 0 Manufacturing Overhead 79,700 Sales Revenue 267,300 267,3008. 12. 9. 11. 4. 6. 0 End. Bal. 0 End. Bal. 79,700 Cost of Goods Sold Work in Process 2,240 6,710 8. 5. 7. 11. 12. 2. 3. 14. 6. 16. 6. End. Bal. 0 0 49,700 79,300 End. Bal. 137.950 Finished Goods Selling and Administrative Expenses 39,300 39,300 12. 8. 10. 5. 7. End. Bal. End. Bal. 0 0

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