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Walsh Co.'s March 31 inventory of raw materials is $185.000. Raw materials purchases in April are 5730.000, and factory payroll cost in April is $636,000.
Walsh Co.'s March 31 inventory of raw materials is $185.000. Raw materials purchases in April are 5730.000, and factory payroll cost in April is $636,000. Overhead costs incurred in Aprilare: indirect materials $115.000 indirect labor. 586.000 factory rent, $57,000; factory utilities, 561,000; and factory equipment depreciation. $72,000. The predetermined overhead rate is 70% of direct labor cost. Job 306 is sold for $1,160,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 387 Job 388 $ 71,000 62,000 $ 98,00 39,000 43,400 27, 300 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 177,000 169,000 283,000 255, 008 $142.000 126,000 Finished (sold) Finished (unsold) In process Complete this question by entering your answers in the tabs below. Journal entry worksheet !!! Journal entry worksheet Journal entry worksheet Journal entry worksheet Journal entry worksheet Journal entry worksheet Journal entry worksheet Journal entry worksheet 13. Record the depreciation on factory equipment. Note Enter debits before credits Date Account Title Debit Credit Apr 30 1 of 10 Next > Journal entry worksheet 1 ..... 4 5 6 7 8 13 14. Record the cost of factory rent, paid in cash. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Prey 1 of 10 Next > Journal entry worksheet Journal entry worksheet h. Record the cost of goods sold for Job 306. Date Account Title Debit Credit Apr 30 1 of 10 Next > Journal entry worksheet .... 6 7 8 9 10 11 12 1. Record the revenue from the cash sale of Job 306. Note: Enter debits before credits Account Title Debit Credit Date Apr 30 1 of 10 !!! Next > Journal entry worksheet $ Beginning Work in Process (March costs) Direct materials Direct labor Applied overhead Total Beginning Work in Process inventory 71.000 62,000 98,000 39,000 27,300 164.300 176.400 Costs added in April $ $ 142.000 177,000 169,000 283,000 255,000 125.000 Direct materials Direct labor Applied overhead Total costs added in April Total cost of jobs At the end of April indicate which account should include each job's co15 Check my Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Gross Profit Mfg Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Walsh Company for the month of April. Dates: Mar 31 to: Apr 30 Gross profit
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