f1) | Factory overhead | 58,000 | ||||
Raw materials ivnentory | 58,000 | |||||
f2) | Factory overhead | 22,000 | ||||
cash | 22,000 | |||||
f3) | Factory overhead | 54,000 | ||||
Accumulated depreciation | 54,000 | |||||
f4) | Factory overhead | 30,000 | ||||
cash | 30,000 |
Job 306 | Job 307 | Job 308 | April | ||||
1) | total | ||||||
From March | |||||||
Direct materials | 27,000 | 42,000 | 0 | 69,000 | |||
Direct labor | 21,000 | 17,000 | 0 | 38,000 | |||
applied overhead | 10,500 | 8,500 | 0 | 19,000 | |||
Beginning goods in process | 58,500 | 67,500 | 0 | 126,000 | |||
For April | |||||||
Direct materials | 137,000 | 200,000 | 105,000 | 442,000 | |||
Direct labor | 102,000 | 154,000 | 100,000 | 356,000 | |||
applied overhead | 51000 | 77000 | 50000 | 178,000 | |||
Total costs added in April | 290,000 | 431,000 | 255,000 | 976,000 | |||
total costs (April 30) | 348,500 | 498,500 | 255,000 | 1,102,000 | |||
Satus on april 30 | fin(sold) | fin(unsold) | in process | ||||
April costs included in : | COGS | finished | WIP | ||||
goods | |||||||
inventory | |||||||
2) | TR | General journal | Debit | Credit | |||
a. | Raw materials inventory | 560,000 | |||||
Accounts payable | 560,000 | ||||||
b. | Work in process inventory | 442,000 | |||||
Raw materials inventory | 442,000 | ||||||
c. | Work in process inventory | 356,000 | |||||
Cash | 356,000 | ||||||
d. | Factory overhead | 29,000 | |||||
cash | 29,000 | ||||||
e. | Work in process inventory | 178,000 | |||||
Factory overhead | 178,000 | ||||||
f1) | Factory overhead | 58,000 | |||||
Raw materials ivnentory | 58,000 | ||||||
f2) | Factory overhead | 22,000 | |||||
cash | 22,000 | ||||||
f3) | Factory overhead | 54,000 | |||||
Accumulated depreciation | 54,000 | ||||||
f4) | Factory overhead | 30,000 | |||||
cash | 30,000 |
g. | finished goods inventory | 847,000 | ||||
Work in process inventory | 847,000 | |||||
h. | Cost of goods sold | 348,500 | ||||
finished goods inventory | 348,500 | |||||
i. | Cash | 630,000 | ||||
sales | 630,000 | |||||
j. | cost of goods sold | 15,000 | ||||
Factory overhead | 15,000 | |||||
please help Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1,...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below! in April is $384,000. Over 523,000; and factory equ85.000 cash in April Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $600.000, and factory payroll cost in April is $384.000. Overhead costs incurred in April are indirect materials, $58,000: Indirect labor, $23.000 factory rent, $40,000; factory utilities, $23,000, and...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $386,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $28,000; factory rent, $39,000; factory utilities, $24,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct...
CHOLMy Wor Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $51,000, indirect labor, $22,000; factory rent, $35,000; factory utilities, $25,000, and factory equipment depreciation, $59,000. The predetermined overhead rate...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $29,000; factory rent, $30,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are indirect materials, 551,000, indirect labor, $22.000; factory rent, $35,000; factory utilities, $25,000, and factory equipment depreciation, $59,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $31,000; factory utilities, $24,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $520,000, and factory payroll cost in April is $389,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $29,000; factory rent, $38,000; factory utilities, $23,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50%...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000. Overhead costs incurred in Aprilare: indirect materials, $50,000; Indirect labor $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $85.000 Raw materials purchases in April are $530,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27,000, factory rent, $36.000, factory utilities, $22,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50%...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $23,000; factory rent, $36,000; factory utilities, $21,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct...