Journal entries:-
> Raw material A/c Dr 45000
To Cash A/c 45000.
> Job 301 A/c Dr 5500
To Raw Material A/c 1850
To Factory Labour A/c 2500
To Depreciation A/c 250 (2500*30/300)
To Factory Overhead A/c 900 (30*30)
> Job 301 Customer A/c Dr 8500
To Sales A/c 8500
> Job 302 A/c Dr 12670
To Raw Material A/c 3150
To Factory Labour A/c 7220
To Depreciation A/c 500 (2500*60/300)
To Factory Overhead A/c 1800 (60*30)
> Job 302 Customer A/c Dr 16150
To Sales A/c 16150
> Job 303 A/c Dr 9122
To Raw Material A/c 2200
To Factory Labour A/c 5350
To Depreciation A/c 342 (2500*41/300)
To Factory Overhead A/c 1230 (41*30)
> Job 303 Customer A/c Dr 13400
To Sales A/c 13400
> Job 304 A/c Dr 6615
To Raw Material A/c 1800
To Factory Labour A/c 2400
To Depreciation A/c 525 (2500*63/300)
To Factory Overhead A/c 1890 (63*30)
> Job 305 A/c Dr 13138
To Raw Material A/c 4230
To Factory Labour A/c 6225
To Depreciation A/c 583 (2500*70/300)
To Factory Overhead A/c 2100 (70*30)
> Job 306 A/c Dr 6050
To Raw Material A/c 1770
To Factory Labour A/c 2900
To Depreciation A/c 300 (2500*36/300)
To Factory Overhead A/c 1080 (36*30)
> General Factory Expenses A/c Dr 8000
To Raw Material A/c 1200
To Factory Labour A/c 5000
To Factory Overhead A/c 1800
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Balances at the end of the month:-
> Finished Goods (Unsold) - Job 305 - $ 13138
> Work in Process - Job 304 - $ 6615
- Job 306 - $ 6050
Answer questions 1-4? encing Inc. uses a job order cost system. The following data summarize the...
Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $29,800. b. Materials requisitioned and factory labor used: Job Materials Factory Labor $2,775 301 $ 2,960 302 3,620 3,750 303 1,875 2,400 8,100 304 6,860 305 5,100 5,250 306 3,750 3,340 For general factory use 1,080 4,100 c. Factory overhead costs incurred on account, $5,500. c. Factory overhead costs incurred...
Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $28,580. b. Materials requisitioned and factory labor used: Job Factory Labor Materials $3,030 301 $2.760 302 3,490 3,770 303 2,520 1,860 304 8,290 6,880 305 5,000 5,490 3,890 3,410 306 For general factory use 1,130 4,190 c. Factory overhead costs incurred on account, $5,670. d. Depreciation of machinery and equipment,...
11. Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $29,050. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,870 $2,870 302 3,690 3,770 303 2,300 1,920 304 8,510 7,050 305 5,000 5,250 306 3,770 3,240 For general factory use 1,030 4,110 c. Factory overhead costs incurred on account, $5,400. d. Depreciation of machinery and...
Tybee Industries Inc, uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations a. Materials purchased on account, $29,800 b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $ 2,960 $2,775 302 3,620 3,750 303 2,400 304 8,100 1,875 6,860 5,250 305 5,100 306 3.750 3,340 For general factory use 1,080 4,100 c. Factory overhead costs incurred on account, $5,500 d. Depreciation of machinery and...
Kurtz Fencing Inc uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a Materials purchased on account, $28,610 b. Materials requisitioned and factory Labor used Job Materials Factory Labor $2,810 $2,640 3.710 2,340 3,920 1,910 7.110 5,270 8.210 5,300 3.780 3,390 306 For general factory use 1,060 4,040 c. Factory overhead costs incurred on account, $5,710. d. Depreciation of machinery and equpment, $1,910 e. The factory overhead...
Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: Materials purchased on account, $3,390. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,800 $2,870 302 3,420 3,870 303 2,270 1,890 304 7,670 7,120 305 4,870 5,420 306 3,560 3,440 For general factory use 950 4,250 Factory overhead costs incurred on account, $5,350....
Entries and Schedules for Unfinished Jobs and Completed Jobs Staircase Equipment Company uses a job order cost system. The following data summarize the operations related to production for April 2014, the first month of operations: a. Materials purchased on account, $3,360. b. Materials requisitioned and factory labor used: Job Materials Factory Labor No. 301 $2,780 $2,320 No. 302 3,390 3,130 No. 303 2,250 1,530 No. 304 7,620 5,750 No. 305 4,840 4,380 No. 306 3,530 2,780 For general factory use...
Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $2,860 b. Materials requisitioned and factory labor used Job 301 302 303 304 305 306 For general factory use Materials Factory Labor $3,380 4,120 2,740 9,260 5,880 4,290 1,150 $2,940 3,970 1,940 7,290 5,560 3,530 4,350 C. Factory overhead costs incurred...
Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $3,090. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $1,950 $3,010 302 2,380 4,060 303 1,580 1,990 304 5,340 7,460 305 3,390 5,690 3,610 306 2,480 For general factory use 660 4,450 C. Factory overhead costs incurred...
Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: 1. Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on March 31. Record item g as 2 entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on...