Factory | overhead | total | |||||
Materials | labor | applied | |||||
Job 301 | 3,030 | 2,760 | 1404 | 7,194 | |||
job 302 | 3,490 | 3,770 | 1976 | 9,236 | |||
job 303 | 2,520 | 1,860 | 1456 | 5,836 | |||
job 304 | 8,290 | 6,880 | 3796 | 18,966 | |||
job 305 | 5,000 | 5,490 | 1976 | 12,466 | |||
job 306 | 3,890 | 3,410 | 1404 | 8,704 | |||
total | 26,220 | 24,170 | 12012 | 62,402 | |||
1) | Journal Entries | ||||||
Accounting titles & Explanations | Debit | Credit | |||||
a) | Raw materials inventory | 28,580 | |||||
Accounts payable | 28,580 | ||||||
b) | work in process inventory | 50,390 | |||||
Factory overhead | 5,320 | ||||||
Raw materials inventory | 27,350 | ||||||
Factory wages payable | 28,360 | ||||||
c) | Factory overhead | 5,670 | |||||
Accounts payable | 5,670 | ||||||
d) | Factory overhead | 2,050 | |||||
Accumulated depreciation | 2,050 | ||||||
e) | Work in process inventory | 12,012 | |||||
Factory overhead | 12,012 | ||||||
f) | finished goods inventory | 34,732 | |||||
work in process inventory | 34,380 | ||||||
g) | Accounts receivable | 34530 | |||||
Sales | 34,530 | ||||||
Cost of goods sold | 22,266 | ||||||
finished goods inventory | 22,266 | ||||||
2) | Work in process inventory | ||||||
b) | 26,220 | f) | 34,732 | ||||
b) | 24,170 | ||||||
e) | 12,012 | ||||||
end balance | 27,670 | ||||||
Finished goods inventory | |||||||
f) | 34,732 | g) | 22,266 | ||||
End bal | 12,466 | ||||||
3) | Schedule of Work in process account | ||||||
job | Direct | Direct | overhead | total | |||
materials | labor | applied | |||||
job 304 | 8,290 | 6,880 | 3796 | 18,966 | |||
job 306 | 3,890 | 3,410 | 1404 | 8,704 | |||
total | 12,180 | 10,290 | 5200 | 27,670 | |||
4) | Schedule of finished goods inventory | ||||||
job | Direct | Direct | overhead | total | |||
materials | labor | applied | |||||
job 305 | 5,000 | 5,490 | 1976 | 12,466 | |||
Entries and schedules for unfinished jobs and completed Jobs Instructions Chart of Accounts Amount Descriptions Journal...
Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal Accounts Schedule of Unfinished Jobs Schedule of Instructions Tybee Industries Inc, uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations a Materials purchased on account, $29,800 b. Materials requisitioned and factory labor used: Job 301 Materials $ 2,960 3,620 2,400 8,100 5,100 3.750 1,080 Factory Labor 52.775 3,750 1.875 6.360 5.250...
Instructions Chart of Accounts Amount Descriptions Journal T Accounts < HI Instructions Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $30,100. b. Materials requisitioned and factory labor used: Job Materials Factory Labor $3,110 $2,720 301 302 3,710 3,810 303 1,970 2,400 8,500 304 6,870 305 5,210 5,410 306 3,850 3,290 For general factory use 1,080 4,120 c. Factory...
Need only 4 this Schedule of Unfinished Jobs Instructions Kurtz Fencing Inc. uses a job order cont system. The following data summarize the operations related to production for March, the first month of operations a Materials purchased on account. $45,000. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $ 1,850 $2.500 3.150 2,200 5250 304 305 306 For general factory use 4.230 1.770 1.200 2.400 8.225 2.000 5.000 c. Factory overhead costs incurred on account. $1.800...
Schedule of Completed Jobs and only to entries You have all the information that was provided for this assignment the instructions and amount description is what answers this! Instructions Kurtz Fencing Inc, uses a job order cost systern. The following data summarize the operations related to production for March, the first month of operations a Materials purchased on account, $45,000. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $ 1,850 500 7220 303 2,200 5250 304...
uu e the entries to record the summarized operations. PR 16-2A Entries and schedules for unfinished jobs and complete Kurtz Fencing Inc. uses a job order cost system. The following related to production for March, the first month of operations. A. Materials purchased on account, $45,000. B. Materials requisitioned and factory labor used: hed jobs and completed jobs Obj. 2 The following data summarize the operations Job 301 302 303 304 305 306 For general factory use Materials $1,850 3,150...
Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $3,090. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $1,950 $3,010 302 2,380 4,060 303 1,580 1,990 304 5,340 7,460 305 3,390 5,690 3,610 306 2,480 For general factory use 660 4,450 C. Factory overhead costs incurred...
Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: Materials purchased on account, $3,390. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,800 $2,870 302 3,420 3,870 303 2,270 1,890 304 7,670 7,120 305 4,870 5,420 306 3,560 3,440 For general factory use 950 4,250 Factory overhead costs incurred on account, $5,350....
Instructions Kurtz Fencing Inc. uses a job order.cost system. The following data summarize the operations related to production for March, the first month of operations: a Materials purchased on account, 528,580 b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,760 $3,030 3,490 302 3,770 303 2,520 1,860 304 8,290 6,880 305 5,000 5,490 306 3,890 3.410 For general factory use 1,130 4,190 c. Factory overhead costs incurred on account, $5,670 d. Depreciation of machinery and equipment,...
Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $2,860 b. Materials requisitioned and factory labor used Job 301 302 303 304 305 306 For general factory use Materials Factory Labor $3,380 4,120 2,740 9,260 5,880 4,290 1,150 $2,940 3,970 1,940 7,290 5,560 3,530 4,350 C. Factory overhead costs incurred...
Only need # 3&4 PR 17-2A Entries and schedules for unfinished jobs and completed jobs Sinatra Industries, Inc., uses a job order cost system. The following data summarize the operations related to production for June 2012, the first month of operations: a. Materials purchased on account, $32,760. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $3,290 $3,080 302 4,025 4,160 303 2,660 2,080 304 9,030 7,640 305 5,740 5,810 306 4,170 3,710 For general factory use...