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Prepare a manufacturing journal entries Problem #2 July 1 Purchased direct materials on account $215,400 3 Purchased indirect materials for cash 49,500 Requested direct materials
Prepare a manufacturing journal entries
Problem #2 July 1 Purchased direct materials on account $215,400 3 Purchased indirect materials for cash 49,500 Requested direct materials costing $193,200 and indirect materials of 38,100 for 4 production 8 Issued checks for overhead costs 12,100 Recorded the following wages direct labor, 120,000, indirect labor 60,620, 15 manufacturing supervision, 25,800 and sales commissions 30,980 15 Applied overhead at a rate of 90 percent of direct labor 18 Issued checks for overhead costs 9.900 20 Purchased direct materials on account of $214,750 and indirect materials of $31,400 Requested direct materials costing $ 214,750 for production and $31,400 of indirect 21 materials. Recorded the following wages direct labor, 132,000, indirect labor 62,240, 23 manufacturing supervision, 27,420 and sales commissions 30,200 23 Applied overhead at a rate of 90 percent of direct labor 24 Issued checks for overhead costs 11,250 25 Completed jobs with a cost of $855,900 31 Shipped Job to customer, cost was $824,520 and sale price was $966,800
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