Question

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. eBook Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required the first account field.) ferences View transaction list Journal entry worksheet 2 3 4 $80,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction Credit General Journal Raw materials Accounts payable Debit 80,000 80,000

Answer 1

Transation	General Journal	Debit	Credit
a.	Raw materials	$80,000
	Account payable		$80,000
	(Raw materials purchased on account)
b.	Work-in-Process	$62,000
	Manufacturing overhead	$9,000
	Raw materials		$71,000
	(raw material charged to production)
	Work-in-Process	$101,000
	Manufacturing overhead	$11,000
	Cash		$112,000
	(Wages charged to production)
d.	Manufacturing overhead	$175,000
	Accumulated depreciation		$175,000
	(depreciation charged)

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