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record factory labor used During January, its first month of operations, Waterway Company accumulated the following manufacturing costs: raw materials purchased $6,000 on account, factory
record factory labor used
During January, its first month of operations, Waterway Company accumulated the following manufacturing costs: raw materials purchased $6,000 on account, factory labor $6,900, and utilities payable $2,600. In January, requisitions of raw materials for production are as follows: Job 1 $970, Job 2 $1,400, Job 3 $760, and general factory use $710. During January, time tickets show that the factory labor of $6,900 was used as follows: Job 1 $2,400, Job 2 $1,780, Job 3 $1,570, and general factory use $1,150. Record factory labor used. (Post material transactions to beginning balances. Enter negative amounts using either a negative sign preceding the number c.8. -45 or parentheses e.g.(45)) Manufacturing Costs Factory Labor Raw Materials Inventory Manufacturing Overhead Work in Process In $ 4,000 $ $ Beginning balance Direct labor Indirect labor Ending balance $ $ $ $ During January, its first month of operations, Waterway Company accumulated the following manufacturing costs: raw materials purchased $6,000 on account, factory labor $6,900, and utilities payable $2,600. In January, requisitions of raw materials for production are as follows: Job 1 $970, Job 2 $1,400, Job 3 $760, and general factory use $710. During January, time tickets show that the factory labor of $6,900 was used as follows: Job 1 $2,400, Job 2 $1,780, Job 3 $1,570, and general factory use $1,150. Record factory labor used. (Post material transactions to beginning balances. Enter negative amounts using either a negative sign preceding the number c.8. -45 or parentheses e.g.(45)) Manufacturing Costs Factory Labor Raw Materials Inventory Manufacturing Overhead Work in Process In $ 4,000 $ $ Beginning balance Direct labor Indirect labor Ending balance $ $ $ $ Step by Step Solution
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