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There should be 16 rows of jpurnal entries total, and 5 rows of the job order cost sheet. Thank you for your help! May 1

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There should be 16 rows of jpurnal entries total, and 5 rows of the job order cost sheet. Thank you for your help!
May 1 Purchased materials on account for $29,760. 3 Requisitioned materials totaling $24,450 for use in production. OA the total, $9,200 was for Job 58 , $8,930 for Job 59 , and the remainder for Job 60 . 31 Incurred direct labor for the month of $31,110, with an average wage of $17 per hour. Job 58 used 790 hours; Job 59, 620 hours; and Job 60,420 hours. 31 Incurred and paid actual overhead of $17,840 (credit Various Payables). 31 Charged overhead to production at the rate of $4.70 per direct labor hour. 31 Completed and transferred Jobs 58 and 59 to Finished Goods. 31 Sold Job 57 (see beginning balance of Finlshed Goods) and Job 58 to their respective clients on account for a price of cost plus 40%. Beginning balances as of May 1 were: Required: 1. Prepare journal entries for transactions from May 1 through 31 2. Prepare brief job-order cost sheets for Jobs 58,59 , and 60 . 3. Calculate the ending balance of Raw Materials. 4. Calculate the ending balance of Work in Process. 5. Calculate the ending balance of Finished Goods. CHART OF ACCOUNTS Yurman Inc. General Ledger ASSETS 110 Cash 120 Accounts Receivable 131 Supplies 132 Prepaid Insurance 141 Raw Materials 142 Work in Process 143 Overhead Control 144 Finished Goods 170 Land 180 Equipment 181 Accumulated Depreciation REVENUE 410 Sales Revenue EXPENSES 510 Cost of Goods Sold 520 Insurance Expense 530 Wages Expense 540 Supplies Expense 550 Utilities Expense 560 Depreciation Expense 590 Miscellaneous Expense 142 Work in Process 143 Overhead Control 144 Finished Goods 170 Land 180 Equipment 530 Wages Expense 540 Supplies Expense 550 Utilities Expense 560 Depreciation Expense 590 Miscellaneous Expense 181 Accumulated Depreciation LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Various Payables EQUITY 310 Common Stock 320 Retained Earnings Refer to the list below for the exact wording of text items within your job-order cost sheets. Amount Descriptions Applied overhead Direct labor Direct materials Total 1. Prepare journat entrios for transactions trom May 1 through 31. Fetor to the Chart of Accounts for the exact wording of account tides. Enter all amounts founded to the nearest whole doliar 2. Prepare job-ordar cost sheets for Jobs 56, 59, and 60 . Refer to the list of Amount Doscripeions for the exact wording of toxt liems within your jab-order cost sheots. AIf amount cells must havo an entry; enter zeros as needed. 3. Calculate the ending balance of Raw Materials. Raw Materials ending balance is 4. Calculate the ending balance of Work in Process. Work in Process ending balance is 5. Calculate the ending balance of Finished Goods. Finished Goods ending balance is

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