Question

Required information [The following information applies to the questions displayed below.j Burlington Clock Works manufactures fine, handcrafted clocks. The firm uses a job-order costing system, and manufacturing overhead is applied on the basis of direct-labor hours. Estimated manufacturing overhead for the year is $260,000. The firm employs 10 master clockmakers, who constitute the direct-labor force. Each of these employees is expected to work 2,000 hours during the year, which represents each employee's practical capacity. The following events occurred during October. a. The firm purchased 3,500 board feet of mahogany veneer at $12 per board foot. b. Twenty brass counterweights were requisitioned for production. Each weight cost $24 c. Five gallons of glue were requisitioned for production. The glue cost $20 per gallon. Glue is treated as an indirect material d. Depreciation on the clockworks building for October was $9,000 e. A $600 utility bill was paid in cash f. Time cards showed the following usage of labor: Job number G60: 12 grandfather's clocks, 1,000 hours of direct labor Job number C81: 20 cuckoo clocks, 700 hours of direct labor The master clockmakers (direct-labor personnel) earn $18 per hour g. The October property tax bill for $900 was received but has not yet been paid in cash h. The firm employs laborers who perform various tasks such as material handling and shop cleanup. Their wages for October amounted to $2,500 i. Job number G60, which was started in July, was finished in October. The total cost of the job was $14,400 j. Nine of the grandfather's clocks from job number G60 were sold in October for $1,500 each 2. Prepare journal entries to record the events described above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Transaction General Journal Debit 42,00 Credit Raw-material inventory Accounts payable 42,00 2 Work-in-process inventory Raw-material inventory 48 48 Manufacturing overhead Manufacturing-supplies inventory Manufacturing overhead 9,00 Accumulated depreciation: Building 9,00 Utilities expense 60 Cash 60 6 Work-in-process inventory Wages payable f(2) Work-in-process inventory Wages payable 8 9 Accounts payable 90 Property taxes payable 90 Manufacturing overhead 2,50 Wages payable 2,50 Finished-goods inventory 14,40 Work-in-process inventory No Transaction Recorded No Transaction Recorded 14,40 12 j(2)

I can't figure out the ones left blank or the ones marked incorrect.

Answer 1

5. Manufacturing OH 600

To Cash 600

6. WIP 18000

To Wages 18000

6. WIP 12600

To wages 12600

8 Manufacuring OH 900  

To Property Tax payable 900

9 Cash 1500

To Manufacturing OH