What is the asnswer for this question please Q During the current month, John Company incurs the following manufacturing costs Raw material purchases of $81500 on account Incurs factory labor of $22000 Of that amount, $15,000 relates to wages payable and $7,000 relates to payroll taxes payable Factory utilities of $1,700 are payable, factory insurance of $1,800 has expired, and depreciation on the factory building is $2,500 Instructions Prepare journal entries for each type of manufacturing cost Prepare T account as needs to compute cost of goods sold Prepare partial Income statement for your information the sales details during the Feb 2022 are as follows 10000 units sold with a price of per unit $16 Q During the current month, John Company incurs the following manufacturing costs 1 Raw material purchases of $81500 on account 2 Incurs factory labor of $22000 Of that amount, $15,000 relates to wages payable and $7,000 relates to payroll taxes payable 3 Factory utilities of $1,700 are payable, factory insurance of $1,800 has expired, and depreciation on the factory building is $2,500 Instructions 1 Prepare journal entries for each type of manufacturing cost 2 Prepare T account as needs to compute cost of goods sold 3 Prepare partial Income statement for your information the sales details during the Feb 2022 are as follows 10000 units sold with a price of per unit $16

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What is the asnswer for this question please? Q. During the current month, John Company incurs the following manufacturing costs Raw material purchases of $81500

What is the asnswer for this question please?

Q. During the current month, John Company incurs the following manufacturing costs

Raw material purchases of $81500 on account.
Incurs factory labor of $22000. Of that amount, $15,000 relates to wages payable and $7,000 relates to payroll taxes payable.
Factory utilities of $1,700 are payable, factory insurance of $1,800 has expired, and depreciation on the factory building is $2,500.

Instructions:

Prepare journal entries for each type of manufacturing cost.
Prepare T account as needs to compute cost of goods sold
Prepare partial Income statement: for your information the sales details during the Feb. 2022 are as follows: 10000 units sold with a price of per unit $16.

Q. During the current month, John Company incurs the following manufacturing costs 1. Raw material purchases of $81500 on account. 2. Incurs factory labor of $22000. Of that amount, $15,000 relates to wages payable and $7,000 relates to payroll taxes payable. 3. Factory utilities of $1,700 are payable, factory insurance of $1,800 has expired, and depreciation on the factory building is $2,500. Instructions: 1. Prepare journal entries for each type of manufacturing cost. 2. Prepare T account as needs to compute cost of goods sold 3. Prepare partial Income statement: for your information the sales details during the Feb. 2022 are as follows: 10000 units sold with a price of per unit $16