Solution:
Raw material inventory | |||
Event | Debit | Event | Credit |
Beg. Bal. | $28,300.00 | b | $95,000.00 |
a | $232,870.00 | ||
End Bal | $166,170.00 |
Work In Process Inventory | |||
Event | Debit | Event | Credit |
Beg. Bal. | $18,400.00 | f | $263,050.00 |
b | $95,000.00 | ||
c | $182,725.00 | ||
e | $241,197.00 | ||
End Bal | $274,272.00 |
Finished goods inventory | |||
Event | Debit | Event | Credit |
Beg. Bal. | $123,200.00 | g | $323,170.00 |
f | $263,050.00 | ||
End Bal | $63,080.00 |
Manufacturing overhead | |||
Event | Debit | Event | Credit |
Beg. Bal. | e | $241,197.00 | |
b | $15,800.00 | ||
c | $42,075.00 | ||
d | $23,400.00 | ||
d | $11,300.00 | ||
d | $19,500.00 | ||
End Bal | $129,122.00 |
Cost of goods sold | |||
Event | Debit | Event | Credit |
Beg. Bal. | |||
g | $323,170.00 | ||
End Bal | $323,170.00 |
Selling and Administrative Expenses | |||
Event | Debit | Event | Credit |
Beg. Bal. | |||
d | $34,500.00 | ||
d | $50,050.00 | ||
End Bal | $84,550.00 |
Sales revenue | |||
Event | Debit | Event | Credit |
Beg. Bal. | |||
h | $513,000.00 | ||
End Bal | $513,000.00 |
\
M McGr Cours Lamonda Corp uses a job order cost system On Aprl 1, the accounts...
Lamonda Corp. uses a job order
cost system. On April 1, the accounts had balances as shown in the
T-accounts below: The following transactions occurred during April:
(a) Purchased materials on account at a cost of $136,000. (b)
Requisitioned materials at a cost of $122,000, of which $28,000 was
for general factory use. (c) Recorded factory labor of $155,000, of
which $24,000 was indirect. (d) Incurred other costs:
Lamonda Corp. uses a job order cost system. On April 1, the...
Lamonda Corp. uses a job order cost system. On April 1, the
accounts had balances as shown in the T-accounts below:
The following transactions occurred during April:
(a) Purchased materials on account at a cost of
$232,070.
(b) Requisitioned materials at a cost of $110,500, of
which $15,500 was for general factory use.
(c) Recorded factory labor of $225,100, of which $42,975
was indirect.
(d) Incurred other costs:
Selling expense
$
35,300
Factory utilities
24,400
Administrative expenses
50,250
Factory rent...
Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April (a) Purchased materials on account at a cost of $232,770 (b) Requisitioned materials at a cost of $111,600, of which $15,400 was for general factory use (c) Recorded factory labor of $224,900, of which $41,875 was indirect. (d) Incurred other costs Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation S34,500 22,900...
Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T- accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $232,770. (b) Requisitioned materials at a cost of $111,900, of which $16,200 was for general factory use. (c) Recorded factory labor of $224, 100, of which $42,275 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation...
Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $233,470. (b) Requisitioned materials at a cost of $111,600, of which $15,500 was for general factory use. (c) Recorded factory labor of $224,100, of which $42,175 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $ 35,900...
Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $136,000. (b) Requisitioned materials at a cost of $122,000, of which $28,000 was for general factory use. (c) Recorded factory labor of $155,000, of which $24,000 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $ 44,000...
Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $232,470. (b) Requisitioned materials at a cost of $111,900, of which $15,600 was for general factory use. (c) Recorded factory labor of $224,800, of which $42,175 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $34,800 24,...
Lamonda Corp. uses a job order cost system. On April 1, the
accounts had balances as shown in the T-accounts below:
The following transactions occurred during April:
(a) Purchased materials on account at a cost of $232,170.
(b) Requisitioned materials at a cost of $112,000, of which $15,600
was for general factory use.
(c) Recorded factory labor of $224,400, of which $43,075 was
indirect.
(d) Incurred other costs:
Selling expense$35,400
Factory utilities 23,200
Administrative expenses 51,150
Factory rent 11,400...
Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $233,170. (b) Requisitioned materials at a cost of $110,800, of which $15,200 was for general factory use. (c) Recorded factory labor of $224,500, of which $43,675 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation $ 35,...
Lamonda Corp. uses a job order cost system. On April 1, the
accounts had balances as shown in the T-accounts below: The
following transactions occurred during April:
(a) Purchased materials on account at a cost of $232,470.
(b) Requisitioned materials at a cost of $111,900, of which
$16,000 was for general factory use.
(c) Recorded factory labor of $224,400, of which $43,375 was
indirect.
(d) Incurred other costs: Selling expense $ 34,700 Factory
utilities 23,900 Administrative expenses 51,750 Factory rent...