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sorry about the many pictures Callahan Co.'s March 31 inventory of raw materials is $165,000. Raw materials purchases in April are $690,000, and factory payroll
sorry about the many pictures
Callahan Co.'s March 31 inventory of raw materials is $165,000. Raw materials purchases in April are $690,000, and factory payroll cost In April is $584,000 Overhead costs incurred in April are: indirect materials, $104,000; indirect labor, $74,000; factory rent. $70,000, factory utilities, $53.000, and factory equipment depreciation, $68,000. The predetermined overhead rate is 70% of direct labor cost. Job 306 is sold for $1.070,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 300 Balances on March 31 Direct materiale 5. 63.000 $ 86,000 Direct labor 54,000 35,000 Applied overhead 37.800 24.500 Costs during April Direct materiale 169.000 271,000 $134,000 Direct labor 153,000 235,000 122,000 Applied overhead Finished Finished Statue on April 30 (sold) (unsold) process In Callahan Co's March 31 inventory of raw materials is $165,000. Raw materials purchases in April are $690,000, and factory payroll cost In April is $584,000. Overhead costs incurred in April are Indirect materials, S104000, Indirect labor, $74,000; factory rent, $70,000, factory utilities, $53,000; and factory equipment depreciation, $68,000. The predetermined overhead rate is 70% of direct labor cost. Job 306 is sold for $1,070,000 cash in April, Costs of the three jobs worked on in April follow. Job 306 Job 307 $63.000 54,000 37,000 5 86,000 35,000 26,500 Balances on March 31 Direct materials Direct labor Applied overhead Costa during April Direct material Direct Labor Applied overhead status on April 30 169,000 153,000 291,000 235,000 1130,000 122.000 2 In proce Finished (old) Tinished old) Complete this question by entering your answers in the tabs below. Requirement Gen Journal General Ledger Trial Balance Job Costs Cost of Goods Me Gross Pront Prepare journal entries for the month of April's transactions View transactional Journal entry worksheet 1 2 5 6 7 8 13 > a Rocard the purchase of materials (on credit) Mfg Gross Pro! repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet c. Record direct labor paid and assigned to Work in Process Inventory. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Journal entry worksheet d. Record indirect labor pald and assigned to Factory Overhead. Note: Enter debits before credits Account Title Date Apr 30 Dabit Credit Journal entry worksheet e. Record overhead costs applied to Work in Process Inventory. Notet Enter debits before credits Account Title Date Apr 30 Debit Credit Journal entry worksheet ..... 13 f2. Record the cost of factory utilities paid in cash. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Journal entry worksheet SRB h. Record the cost of goods sold for Job 306. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal View transaction list Journal entry worksheet
sorry about the many pictures
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