Requirements 1-4 need to be answered

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Data Table The press also po cost pool (manuta Press is wholly own a. The pressus facturing labor cost the data) 140 s Sold Number your journal environ to our nd. (Record debits.fr pios purchased on crd Acco Direct materials and supplies purchased on credit $ 820 Direct materials used 740 Indirect material issued to various production departments Direct manufacturing labor 1.300 Indirect manufacturing labor incurred by various production departments 950 Depreciation on building and manufacturing equipment 470 Miscellaneous manufacturing overhead incurred by various production departments (ordinarily would be detailed as repairs, photocopying, utrities, etc) 540 Manufacturing overhead allocated at 180% of direct manufacturing labor costs ? Cost of goods manufactured 4,130 Revenues 8,700 Cost of goods sold (before adjustment for under or overallocated manufacturing overhead) 4,040 Invertones, December 31, 2016 (not 2017) Materials Control 130 Work in Process Control 80 Finished Goods Control 6.30 "The term manufacturing overhead is not used uniformly. Other forms that are often encountered in priting companies Includes job overhead and shop overhead erials used, $740 Aced wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. The pre press uses normal costing to cost each job. Its job.costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost poc labor costa). The following data (in thousands) pertain to 2017: -) Requirements write-off to Coat of Goods Sold. N entries to summarize the 2017 transa d dobits first, then credits Exclude a Shased on credit, 5820 Journal Entry Accounts 1. Identify the components of the overview diagram of the job-costing system at the University of Concord Press 2. Prepare journal entries to summarize the 2017 transactions. As your final entry, dispose of the year-end under or overallocated manufacturing overhead as a write-off to Cost of Goods Sold. Number your entries. Explanations for each entry may be omitted. 3. Show posted T-accounts for all inventories, Cost of Goods Sold, Manufacturing Overhead Control, and Manufacturing Overhead Allocated. 4. How did the University of Concord Press perform in 2017? ata Table The University of Concord Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press stock of books for general salo, The press uses normal costing to cost each job its job-costing system has two direct-cost categories (direct materials and direct on the basis of direct manufacturing labor costs) The following data in thousands) pertain to 2017 (Click the icon to view the data.) Read the fuquitement Requirement 1. Prepare journal entries to summarize the 2017 transactions. As your final entry, dispose of the year and under-or overallocated manufacturing over each entry may be omitted.(Record dobits first, then credits. Exclude explanations from any journal entries.) Direct materials and supplies purchased on credit, $820, Journal Entry Accounts Debit Credit (In thousands) 15) Record the direct materials used, 5740 Journal Entry Accounts Debit Credit (In thousands) 12) stock of books for general 500. The press on the basis of direct manufacturing labor costs). The following data (in thousands) pertain to 2017: (Click the loon to view the data) Read the intens Record the cost of goods sold, $4,040, Journal Entry Accounts Debit Credit (In thousands) (10) Dispose of the year-end under-or overallocated manufacturing overhead. Journal Entry Accounts Debit Credit (in thousands) (11)