Question
Widmer Watercraft?s predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company?s production activities during May 2015 follows. 1.Prepare a
Widmer Watercraft?s predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company?s production activities during May 2015 follows.
1.Prepare a job cost sheet for each job worked on during the month.
2.Prepare journal entries to record the events and transactions.
3.Prepare T-accounts for each of the following general ledger accounts, each of which started the month with a zero balance: Raw Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Factory Payroll, Factory Overhead, Cost of Goods Sold. Post the journal entries from Part 2 to the following T-accounts.
*INFO ATTACHED*
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