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Q,9 Could somebody help me plz? Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 Purchased raw

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Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 Purchased raw materials for $20,000 on account. 8 Raw materials requisitioned by production: 15 Paid factory utilities, $2,100 and repairs for factory equipment, $8,000. 25 Incurred $108,000 of factory labor. 25 Time tickets indicated the following: 25 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked. 28 Goods costing $18,000 were completed in the factory and were transferred to finished goods. 30 Goods costing $15,000 were sold for $20,000 on account. Date Account Titles and Explanation Debit Credit June 1 Raw Materials inventory Accounts Payable - (Purchase of raw materials on account) 8. Work in Prcess inventory Manufacturing Overhend Raw Materials lonentory (To assign materials to jobs and overhead) 15 Manufacturing Overhesd (To record payment of factory utilities and repairs) 25 Work in Process Inventory Manufacturing Overhead (To record factory tabor costs) 25 Work in Process Irventory Manufacturing Overhead Employer Payroll Taxes Payable (To assign factory labor to jobs and overhead) 25 (To apply overhead to jobs) (To apply overhead to jobs) 28 (To record completion of production) 30 (To record sales) 30 (To record cost of goods sold) Save for Later Attempts: 0 of 1 used Submit

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