Question

Visual Company produce gadgets for the coveted small appliance market. The following data refled activity for the year 2017 (Click the icon to view the data) Visual Comes anomal-costing system and sociales overhead to work in process state of 5310 per direct manufacturing labor dollar indirect materials are insigniant so there is no inventory account for indirect materials Read the Requirement 1. Prepare journal is to record the tractions for 2017 inding any to dose out we undocated overhead to cost of goods sold Forcach journal entry indicate the source document that would be used to authore each entry. Also note which subsidiary edge should be referenced backup for the entry (Record debts first then credits Exclude explanations from any journal entries ) Record the purchase of direct materials. 5121000 Journal Eny

Answer 1

Answer-

Date	Account Title and Explanation	Debit 1($)	Credit ($)
1	Direct materials control	121,000
	Accounts payable control		121,000
	(To record purchase of direct materials on credit)
2	Work-in-process control ($121,000+$9,400-$18,000)	112,400
	Direct materials control		112,400
	(To transfer direct materials to work-in -process)
3	Work-in-process control	87,000
	Manufacturing overhead control	54,400
	Wages payable control		141,400
	(To record direct and indirect labor cost)
4	Manufacturing overhead control	207,100
	Accumulated depreciation control		53,000
	Salaries payable control		46,000
	Accounts payable control		9,100
	Rent payable control		99,000
	(To record indirect manufacturing cost)
5	Work in process control (87,000*3.10)	269,700
	Manufacturing overhead allocated		269,700
	(To record transfer of manufacturing overhead allocated to work in process control)
6	Finished goods control	449,600
	work in process control ($112,400+$87,000+$269,700+$6,500+$26,000)		449,600
	(To record transfer of work in process to finished goods )
7	Cost of goods sold	478,600
	Finished goods control ($449,600+$60,000+$31,000)		478,600
	(To record cost of goods sold)
8	Manufacturing overhead allocated	269,700
	Manufacturing overhead control ($54,400+$207,100)		261,500
	Cost of goods sold		8,200
	(To record allocate cost of goods sold,manufacturing overhead to manufacturing overhead allocate account)
9	Administrative expenses	7,700
	Sales commission	39,000
	Advertising expenses control	97,000
	Accumulated depreciation control		7,700
	Salary payable control		39,000
	Accounts payable control		97,000
	(To record administrative expenses and sales expenses)

T-Accounts

Material control					Work in process inventory
Bal.	$9,400	(2)	$112,400		Bal.	$6,500	$449,600	(6)
(1)	121,000				(2)	112,400
Bal.	$18,000				(3)	87,000
					(5)	269,700
					Bal.	$26,000
Manufacturing overhead control					Manufacturing overhead allocated
(3)	54,400	261,500	(9)		(9)	$261,500	$269,700	(5)
(4)	46,000				(9)	8,200
(4)	53,000
(4)	9,100
(4)	99,000
Finished Goods					Cost of Goods Sold
Bal.	$60,000	$478,600	(7)		(7)	$478,600	$8,200	(9)
(6)	449,600					470,400
Bal.	$31,000