Homework Answers
| Date | Accounts | Debit | Credit |
| Raw materials inventory ($68000+1100) | $69100 | ||
| Accounts payable | $69100 | ||
| (To record raw materials purchased on account) | |||
| Work in process | $64000 | ||
| Manufacturing overhead | $500 | ||
| Raw materials inventory($64000+500) | $64500 | ||
| (To record materials used) | |||
| Raw materials inventory | |||
| Beg. bal. | $34000 | Used | 64500 |
| Purchases | 69100 | ||
| End. bal. | $38600 | ||
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materials. (Record deb i Data Table $ Raw Materials Inventory, beginning balance Purchases of canvas, on...
Mountain Packs manufactures backpacks. Its plant records include the following materscelated data (Click the icon to...
Mountain Packs manufactures backpacks. Its plant records include the following materscelated data (Click the icon to view the transactions) Joumalize the entries to record the transactions, post to the Raw Materials inventory account and determine the ending balance in Raw Materials Inventory Journalize the entries to record the transactions Begin by recording the journal entry for the purchases of materials (Record debits first, then credits Exclude explanation fo.. Date Accounts Debit Credit Data Table S 31,000 70.000 1300 Now record...
easy packs manufactures backpacks, its plant record include the following materials-related data : raw materials inventory...
easy packs manufactures backpacks, its plant record include the following materials-related data : raw materials inventory beginning balance 31,000. purchass of canvas on account 69,000. purchases of sewing machine lubricating oil on account 1,000. material / requisitions: canvas 64,000, sewing machine lubricating oil 500.journalize the entries to record the transactions post to the raw materials inventory account, and determine the ending balance in raw materials inventory.1. journalize the entries to record the transactions, begin by recording the journal entry for...
Score: 0 of 1 pt 8 of 13 (7 complete) HW Score: 46.73%, 7.48 of 16...
Score: 0 of 1 pt 8 of 13 (7 complete) HW Score: 46.73%, 7.48 of 16 S3-12 (book/static) RitePacks manufactures backpacks. Its plant records include the following materials-related transactions EEB (Click the icon to view the transactions.) Make the journal entries to record these transactions. Post these transactions to the Raw Materials Inventory account. If the company had S37,000 of Raw Materials Question Help Inventory at the beginning of the period, what is the ending balance of Raw Materials Inventory?...
record the following journal entries for Taylor Company est TE 1 16,17,18 (Copy) is Question: 8...
record the following journal entries for Taylor Company
est TE 1 16,17,18 (Copy) is Question: 8 pts 29 of 39 (24 complete). Record the following journal entries for Taylor Company (Click the icon to view the transactions) (Record debits first, then credits. Exclude explanations from any journal entries) 6. Purchased raw materials on account, $9,000 Date Accounts Debit Credit 6. 7. Used $5,000 in direct materials and $800 in indirect materials in production Date Accounts Debit Debit Credit 7. Choose...
Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory...
Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 148,000 300,000 635,000 1,456,000 Ending Inventory $ 189,000 355,000 790,000 1,476,000 The following additional information describes the company's manufacturing activities for June: S 620,000 3, 465,000 178,000 $ 280,000 129,000 160,000 Raw materials purchases (on credit) Factory payroll coat (paid in cash) Other factory overhead coat (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a...
1. Prepare entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage(c)...
1.
Prepare entries dated June 30 to record: (a) raw materials
purchases, (b) direct materials usage(c) Indirect materials usage
d) direct labor usage, ) labor usageoverhead costs, () overhead
applied, and () payment of total payroll costs.
Required information [The following information applies to the questions displayed below.) Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Raw materials inventory Work in process inventory-Weaving...
Data Table Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of...
Data Table Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Big Rita's Music Company Adjusted Trial Balance Requirement 1. Prepare Big Rita's multi-step income statement for the year ended June 30, 2024. (Use a minus sign or parentheses to show oth June 30, 2024 Big Rita's Music Company Income Statement Balance Account Title...
Fairfield Company's raw materials inventory transactions for the most recent month are summarized here 113.000 Beginning...
Fairfield Company's raw materials inventory transactions for the most recent month are summarized here 113.000 Beginning raw materials Purchases of raw materials Ra materials issued Materials requisition 1445 Materials requisition 1446 Materials requisition 1447 46,000 For Job 101 33,500 For Job 102 14.000 Used on multiple jobs 1. & 2. Prepare the journal entries for materials. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet...
Hello, please help answer this question ASAP! Thank you! :) i Data Table Purchases of materials,...
Hello, please help answer this question ASAP! Thank you! :)
i Data Table Purchases of materials, on account $ 53,000 Materials requisitions: 41,800 1,000 Direct materials Indirect materials Labor incurred (not yet paid): Direct labor 27,600 Indirect labor 1,510 We were unable to transcribe this imageSunflower Company makes artificial flowers and reports the following data for the month. (Click the icon to view the data.) Journalize the entries relating to materials and labor. (Record debits first, then credits. Exclude explanations...
1 Data Table Estimated manufacturing overhead cost for the year Estimated direct labor cost for the...
1 Data Table Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year $ 150,000 93,750 118,000 Actual direct labor cost for the year 68,000 Print Done Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec. 31 verallocated manufacturing overhead. Accounts Payable Accounts Receivable Cash Requirement 3. Cost of Goods...
Mountain Packs manufactures backpacks. Its plant records include the following materscelated data (Click the icon to view the transactions) Joumalize the entries to record the transactions, post to the Raw Materials inventory account and determine the ending balance in Raw Materials Inventory Journalize the entries to record the transactions Begin by recording the journal entry for the purchases of materials (Record debits first, then credits Exclude explanation fo.. Date Accounts Debit Credit Data Table S 31,000 70.000 1300 Now record...
Score: 0 of 1 pt 8 of 13 (7 complete) HW Score: 46.73%, 7.48 of 16 S3-12 (book/static) RitePacks manufactures backpacks. Its plant records include the following materials-related transactions EEB (Click the icon to view the transactions.) Make the journal entries to record these transactions. Post these transactions to the Raw Materials Inventory account. If the company had S37,000 of Raw Materials Question Help Inventory at the beginning of the period, what is the ending balance of Raw Materials Inventory?...
record the following journal entries for Taylor Company
est TE 1 16,17,18 (Copy) is Question: 8 pts 29 of 39 (24 complete). Record the following journal entries for Taylor Company (Click the icon to view the transactions) (Record debits first, then credits. Exclude explanations from any journal entries) 6. Purchased raw materials on account, $9,000 Date Accounts Debit Credit 6. 7. Used $5,000 in direct materials and $800 in indirect materials in production Date Accounts Debit Debit Credit 7. Choose...
Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 148,000 300,000 635,000 1,456,000 Ending Inventory $ 189,000 355,000 790,000 1,476,000 The following additional information describes the company's manufacturing activities for June: S 620,000 3, 465,000 178,000 $ 280,000 129,000 160,000 Raw materials purchases (on credit) Factory payroll coat (paid in cash) Other factory overhead coat (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a...
1.
Prepare entries dated June 30 to record: (a) raw materials
purchases, (b) direct materials usage(c) Indirect materials usage
d) direct labor usage, ) labor usageoverhead costs, () overhead
applied, and () payment of total payroll costs.
Required information [The following information applies to the questions displayed below.) Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Raw materials inventory Work in process inventory-Weaving...
Data Table Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Big Rita's Music Company Adjusted Trial Balance Requirement 1. Prepare Big Rita's multi-step income statement for the year ended June 30, 2024. (Use a minus sign or parentheses to show oth June 30, 2024 Big Rita's Music Company Income Statement Balance Account Title...
Fairfield Company's raw materials inventory transactions for the most recent month are summarized here 113.000 Beginning raw materials Purchases of raw materials Ra materials issued Materials requisition 1445 Materials requisition 1446 Materials requisition 1447 46,000 For Job 101 33,500 For Job 102 14.000 Used on multiple jobs 1. & 2. Prepare the journal entries for materials. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet...
Hello, please help answer this question ASAP! Thank you! :)
i Data Table Purchases of materials, on account $ 53,000 Materials requisitions: 41,800 1,000 Direct materials Indirect materials Labor incurred (not yet paid): Direct labor 27,600 Indirect labor 1,510 We were unable to transcribe this imageSunflower Company makes artificial flowers and reports the following data for the month. (Click the icon to view the data.) Journalize the entries relating to materials and labor. (Record debits first, then credits. Exclude explanations...
1 Data Table Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year $ 150,000 93,750 118,000 Actual direct labor cost for the year 68,000 Print Done Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec. 31 verallocated manufacturing overhead. Accounts Payable Accounts Receivable Cash Requirement 3. Cost of Goods...
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