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Required information Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost
Required information Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials 29,000 S 40,000 $ 69,000 Direct Labor 23,000 19,000 42,000 Applied overhead 9,500 11,500 21,000 Beginning goods in process 0 For April Direct Materials 134,000 205.000 105.000 444,000 Direct Labor 100,000 152,000 102,000 354,000 Applied overhead C Total costs added in April 234,000 357,000 207.000 798.000 Total costs (April 30) 0 Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory d. Indirect labor paid and assigned to Factory Overhead Overhead costs applied to Work in Process Inventory f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306 i. Revenue from the sale of Job 306 j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) e. 2. Prepare journal entries for the month of April to record the above transactions. View transaction list Journal entry worksheet
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