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The following are transactions for Mandel-lee Inc's production factory: a) Purchased $20,000 of raw materials on account b) Accrued factory workers wages $18,000 c) Accrued
The following are transactions for Mandel-lee Inc's production factory: a) Purchased $20,000 of raw materials on account b) Accrued factory workers wages $18,000 c) Accrued factory supervisor salary of $5,500 (1) Paid factory rent and utilities of $18,000 e) Requisitioned $17,000 of materials for Jobs 101-105 f) Requisitioned $300 of materials for general factory use g) Applied factory overhead: predetermined rate is $32 per (1111 January Direct Labor hours = 100 h) Completed jobs 101 and 102 total product cost of $7,000 i) Sold job 101 on account which had product costs of $2,500 for $4,000. Journalize under a Job Order Cost System -m Credit 1 1 IIla 3 3 2 I-_-- 6 -__ T EI_ 3 E__ 9 -__ 10 -__ 11 -__ 12 -__ 13 15 15 -__ 16 1'1 18 ' 19 20 -_ 21 22 ul- 22 23 23 -__ 24 -__ 25 -__ 26 27 27 28 28 29 29 -__ 30 Accounting 1B Written Assignment Chapter 27 - Lean Manufacturing Lean Accounting Journalize under a Lean Accounting system - note not all transactions require a journal entry. Note - do not use the following accounts: Materials, Work in Process or Factory Overhead Date Description P/R Debit Credit a. 2 2 3 3 4 b 4 5 5 6 6 7 7 C. 8 8 9 9 10 d. 10 11 11 12 12 13 e. 13 14 14 15 15 16 f . 16 17 17 18 18 19 8. 19 20 20 21 21 22 h . 22 23 23 24 24 25 i. 25 26 26 27 27 28 28 29 29 30 CO
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