Homework Answers
| Debit | Credit | ||
| a | Raw materials | 46000 | |
| Accounts Payable | 46000 | ||
| b | Work In process | 74000 | |
| Manufacturing Overhead | 56000 | ||
| Raw materials | 130000 | ||
| c | Work In process | 187500 | |
| Manufacturing Overhead | 30500 | ||
| Wages payable | 218000 | ||
| d | Manufacturing Overhead | 196500 | |
| Various accounts | 196500 |
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Exercise 5-4 Prepare Journal Entries (L04) Lancaster Company recorded the following transactions for the just completed...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $75,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $107.000 were paid in cash. Of this amount, $102,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $193,000 was...
I ALWAYS THUMBS UP, THANKS! Larned Corporation recorded the following transactions for the just completed month....
I ALWAYS THUMBS UP, THANKS!
Larned Corporation recorded the following transactions for the just completed month. a. $78,000 in raw materials were purchased on account. b. $76,000 in raw materials were requisitioned for use in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $108,000 were incurred. Of this amount, $100,200 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of...
Exercise 3-1 (Algo) Prepare Journal Entries [LO3-1] Larned Corporation recorded the following transactions for the just...
Exercise 3-1 (Algo) Prepare Journal Entries [LO3-1] Larned Corporation recorded the following transactions for the just completed month. a. $84,000 in raw materials were purchased on account. b. $82,000 in raw materials were used in production. Of this amount, $68,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $127,500 were paid in cash. Of this amount, $101,300 was for direct labor and the remainder was for indirect labor. d. Depreciation of $194,000...
Thank you Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in...
Thank you
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $113,500 were paid in cash Of this amount, $100,100 was for direct labor and the remainder was for indirect d. Depreciation of $194,000 was incurred on factory equipment. labor...
Larned Corporation recorded the following transactions for the just completed month
Larned Corporation recorded the following transactions for the just completed month.a. $71.000 in raw materials were purchased on account.b. $69,000 in raw materials were requisitioned for use in production. Of this amount, $58,000 was for direct materials and the remainder was for indirect materials.c. Total labor wages of $112,000 were incurred. Of this amount, $102,200 was for direct labor and the remainder was for indirect labor.d. Additional manufacturing overhead costs of $194.000 were incurred.Required:Record the above transactions in journal entries....
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used in production of this amount. $62.000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,000 were paid in cash. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. d. Depreciation of $175,000 was incurred on factory equipment. Required: Record...
Larned Corporation recorded the following transactions for the just completed month. $84,000 in raw materials were...
Larned Corporation recorded the following transactions for the just completed month. $84,000 in raw materials were purchased on account. $82,000 in raw materials were used in production. Of this amount, $74,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $115,000 were paid in cash. Of this amount, $102,800 was for direct labor and the remainder was for indirect labor. Depreciation of $193,000 was incurred on factory equipment. Required: Record the above transactions in...
Larned Corporation recorded the following transactions for the just completed month. $83,000 in raw materials were...
Larned Corporation recorded the following transactions for the just completed month. $83,000 in raw materials were purchased on account. $81,000 in raw materials were used in production. Of this amount, $74,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $125,000 were paid in cash. Of this amount, $102,400 was for direct labor and the remainder was for indirect labor. Depreciation of $194,000 was incurred on factory equipment. Required: Record the above transactions in...
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials...
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account b. $69,000 in raw materials were used in production. Of this amount, $60,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $119,000 were paid in cash. Of this amount, $101,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $192,000 was incurred on factory equipment Required: Record...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record...
Exercise 3-1 Prepare Journal Entries (L03-1) Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $75,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $107.000 were paid in cash. Of this amount, $102,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $193,000 was...
I ALWAYS THUMBS UP, THANKS!
Larned Corporation recorded the following transactions for the just completed month. a. $78,000 in raw materials were purchased on account. b. $76,000 in raw materials were requisitioned for use in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $108,000 were incurred. Of this amount, $100,200 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of...
Exercise 3-1 (Algo) Prepare Journal Entries [LO3-1] Larned Corporation recorded the following transactions for the just completed month. a. $84,000 in raw materials were purchased on account. b. $82,000 in raw materials were used in production. Of this amount, $68,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $127,500 were paid in cash. Of this amount, $101,300 was for direct labor and the remainder was for indirect labor. d. Depreciation of $194,000...
Thank you
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $113,500 were paid in cash Of this amount, $100,100 was for direct labor and the remainder was for indirect d. Depreciation of $194,000 was incurred on factory equipment. labor...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used in production of this amount. $62.000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,000 were paid in cash. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. d. Depreciation of $175,000 was incurred on factory equipment. Required: Record...
Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account b. $69,000 in raw materials were used in production. Of this amount, $60,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $119,000 were paid in cash. Of this amount, $101,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $192,000 was incurred on factory equipment Required: Record...
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