Question 22 of 22 -/18 View Policies Current Attempt in Progress Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 Purchased raw materials for $20,000. 8 Raw materials requisitioned by production: Direct $8,000 materials Indirect 1,000 materials incurred factory utilities. 52.100 and repairs for factory equipment, 58.000. incurred $108.000 of factory labor. 25 Time tickets indicated the following: 17.000 hrs * $12 Direct Labor $84.000 (3.000 hrs $8 per Indirect Labor 24,000 53108.000 15 25 per hr he 25 Time tickets indicated the following: Direct Labor (7,000 hrs * $12 per hr) $84,000 Indirect Labor (3,000 hrs * $8 per 24,000 hr) $108,000 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked. Goods costing $18,000 were completed in the factory and were transferred to finished goods, Goods costing $15.000 were sold. 25 28 30 Using the grid below.record the transactions during the month of June. (Enter negative amounts using either a negative sin preceding the number es. -45 or parentheses es (45) Work in Processin Manufacturing Costs Factory Labor Manufacturing Overhead Date Raw Materials inventory Work In Process to Date Manufacturing Costs Factory Labor Raw Materials Inventory $ Manufacturing Overhead June 1 $ 8 00 15 25 25 25 25 28 30 Using the grid below, record the transactions during the month of June. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Manufacturing Overhead