Homework Answers
Answer:
2-1
|
No |
Account Titles and Explanation |
Debit $ |
Credit $ |
|
1 |
Raw materials inventory |
17600 |
|
|
Accounts payable |
17600 |
||
|
2 |
Factory labor |
39600 |
|
|
Factory wages payable |
31300 |
||
|
Employer Payroll Taxes Payable |
8300 |
||
|
3 |
Manufacturing overhead |
15860 |
|
|
Prepaid Property Taxes |
2960 |
||
|
Accumulated Depreciation-Building |
9400 |
||
|
Utilities Payable |
3500 |
Note: As this question has more the one question so as per guideline I have answered first question
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Job 202
Direct materials
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Direct labor
4,250
8,150
Manufacturing overhead
5,200
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(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
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Account Titles and Explanation
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Credit
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sheets show the following.
Job 201
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Direct materials
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Direct labor
4,250
8,150
Manufacturing overhead
5,200
9,900
Prepare the three summary entries to record the assignment of costs
to Work in Process from the data on the job cost sheets.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
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Account Titles and Explanation
Debit
Credit
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