Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below.
Required:
Raw Material Control Account | |||
Dr. | Cr. | ||
Particulars | Amount | Particulars | Amount |
To General Ledger | 75,500.00 | Work in progress Control Account | 65,600.00 |
Production over head control account | 9,900.00 | ||
75,500.00 | 75,500.00 | ||
Work in progress Control Account | |||
Dr. | Cr. | ||
Particulars | Amount | Particulars | Amount |
To Raw Material | 65,600.00 | Finished Goods Control Account | 327,400.00 |
To Wages Control Account | 133,000.00 | (Balancing Figure) | |
To Work in progress account. | 128,800.00 | ||
327,400.00 | 327,400.00 |
Production over head control account | |||
Dr. | Cr. | ||
Particulars | Amount | Particulars | Amount |
To Raw Material | 9,900.00 | Work in progress account | 128,800.00 |
To Wages Control Account | 18,200.00 | Cost of Goods sold account(B/F) | 24,600.00 |
To General Ledger | 125,300.00 | ||
153,400.00 | 153,400.00 |
Wages Control Account Dr | |||
Dr. | Cr. | ||
Particulars | Amount | Particulars | Amount |
To General Ledger Account | 151,200.00 | Work in progress control account . | 133,000.00 |
Production Control Account . | 18,200.00 | ||
151,200.00 | 151,200.00 |
Finished Good control | |||
Dr. | Cr. | ||
Particulars | Amount | Particulars | Amount |
To Work in progress control | 327,400.00 | Cost of Good sold | 327,400.00 |
327,400.00 | 327,400.00 |
Cost of Goods sold account | |||
Dr. | Cr. | ||
Particulars | Amount | Particulars | Amount |
To Finished Goods Control | 327,400.00 | To Sundry Debtors | 352,000.00 |
T Production Overhead Control | 24,600.00 | ||
352,000.00 | 352,000.00 |
Journal Entries | |||
Sr.No | Particulars | Debit | Credit |
1 | Raw Material Control Account Dr. | 75,500.00 | |
To Cash | 75,500.00 | ||
2 | Work in progress Control Account Dr. | 65,600.00 | |
To Raw material | 65,600.00 | ||
3 | Production over head control account | 9,900.00 | |
To Raw material Control | 9,900.00 | ||
4 | Wages Control Account Dr | 151,200.00 | |
To Cash | 151,200.00 | ||
5 | Work in progress control account Dr. | 133,000.00 | |
Production Control Account Dr. | 18,200.00 | ||
To Wages control account | 151,200.00 | ||
6 | Production Control Account Dr. | 125,300.00 | |
To Cash | 125,300.00 | ||
7 | Work in progress account Dr. | 128,800.00 | |
To Production Control Account | 128,800.00 |
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,100 in raw materials were purchased for cash. $72,400 in raw materials were used in production. Of this amount, $65,300 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,300 were incurred and paid. Of this amount, $134,200 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,100 in raw materials were purchased for cash. $72,400 in raw materials were used in production. Of this amount, $65,300 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,300 were incurred and paid. Of this amount, $134,200 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,300 in raw materials were purchased for cash. $72,300 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,000 were incurred and paid. Of this amount, $133,000 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,600 in raw materials were purchased for cash. $72,300 in raw materials were used in production. Of this amount, $65,400 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,300 were incurred and paid. Of this amount, $133,900 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,500 in raw materials were purchased for cash. $72,400 in raw materials were used in production. Of this amount, $66,200 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,100 were incurred and paid. Of this amount, $133,700 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,700 in raw materials were purchased for cash. $73,000 in raw materials were used in production. Of this amount, $66,100 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,300 were incurred and paid. Of this amount, $133,300 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,300 in raw materials were purchased for cash. $71,500 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,200 were incurred and paid. Of this amount, $134,800 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $94,000 in raw materials were purchased for cash. $89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,300 in raw materials were purchased for cash. $71,900 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,800 were incurred and paid. Of this amount, $133,100 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,300 in raw materials were purchased for cash. $72,000 in raw materials were used in production. Of this amount, $65,500 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,900 were incurred and paid. Of this amount, $134,900 was for direct labor and the remainder was for indirect...