Prepare journal entries for the month of April to record the above transactions.A. Materials purchases (on credit)B.
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Prepare journal entries for the month of April to record the above transactions.A. Materials purchases (on credit)B. Direct materials usedC. Direct labor used (and paid in cash) and assigned to work in process inventory D. Indirect materials used and assigned to Factory Overhead E. Indirect labor used (and paid in cash) and assigned to factory overheadF. Overhead costs applied to work in process inventoryG. Actual other overhead costs incurred (factory rent and utilities are paid in cash)H.transfer of jobs 306 & 307 to finished goods inventory I. Cost of goods sold for job 306J. Revenue from the sale of job 306 receding cashK. Close under applied or over applied overhead to the cost of goods sold account.
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