Question
The following journal entries (without dollar data) were taken from the accounting records of Case Company. Case Company has a job-order costing system and applies
The following journal entries (without dollar data) were taken from the accounting records of Case Company.
Case Company has a job-order costing system and applies overhead to jobs using a predetermined overhead
rate.
1. Work in process XXX
Manufacturing overhead XXX
Wages payable XXX
2. Salary expense XXX
Wages payable XXX
3. Manufacturing overhead XXX
Accumulated amortization XXX
4. Work in process XXX
Raw materials XXX
5. Work in process XXX
Manufacturing overhead XXX
6. Manufacturing overhead XXX
Raw materials XXX
7. Finished goods XXX
Work in process XXX
8. Raw materials XXX
Accounts payable XXX
Which entry transfers the cost of goods manufactured for the period?
A) 1. B) 4. C) 7. D) 5.
Which entry records the application of overhead?
A) 1. B) 5. C) 6. D) 3.
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