Question
Tutor please help me with T-ACCOUNTS Thank you very much! prepare the journal entries and the related T accounts from the managerial accounting data above
Tutor please help me with T-ACCOUNTS
Thank you very much!
prepare the journal entries and the related "T" accounts from the managerial accounting data above for following transactions:
1.The current purchases of materials on credit -$87000
2.The payment of the total payroll in cash -$815000
3.The distribution of the various payroll components (such as direct labor -$560,000, indirect labor -$140000 and administrative payroll -$115000, which technically is salary expense "Other Factory Costs" -$55200
4.The transferring of MOH into WIP
5.The transferring of WIP into Finished Goods
6.The recording of the sales for the period $3890000
7.The recording of the COGS for the period
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