Question
The selected data that follow relate to the Berger Furniture... The selected data that follow relate to the Berger Furniture Company. Assume purchases and sales
The selected data that follow relate to the Berger Furniture...
The selected data that follow relate to the Berger Furniture Company. Assume purchases and sales are made with cash.
a. Purchased materials for $160,000.
b. Requisitioned $89,000 of materials for use, of which $10,000 were considered indirect materials.
c. Paid assembly workers $170,000, supervisors $10,000 and sales people $15,000.
d. Recorded $80,000 for depreciation of production equipment.
e. Manufacturing overhead applied $90,000.
f. During the year, products costing $310,000 were completed.
g. Products costing $306,000 were sold for $455,000.
Required:
Prepare journal entries (or T accounts) to record the preceding transactions and events
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