Exercise 15-8 | |||||
Particulars | Debit | Credit | |||
1) | Raw Materials | $ 174,000.00 | |||
To Cash | $ 174,000.00 | ||||
2) | Work in Process | $ 156,000.00 | |||
To Raw Materials | $ 156,000.00 | ||||
(W.N.1) | |||||
3) | Factory OH | $ 7,000.00 | |||
To Raw Materials | $ 7,000.00 | ||||
W.N.1 | |||||
Beginning Raw Materials | $ 35,000.00 | ||||
Add: | Purchase | $ 174,000.00 | |||
Less: | Ending Raw Materials | $ 46,000.00 | |||
Raw Materials used | $ 163,000.00 | ||||
Less: | Indirect Materials used | $ 7,000.00 | |||
Direct Materials used | $ 156,000.00 |
Exercise 15-9 | |||||
Particulars | Debit | Credit | |||
1) | Work in Process | $ 154,000.00 | |||
To Factory Payroll | $ 154,000.00 | ||||
($ 200000 - $ 46000) | |||||
2) | Factory OH | $ 46,000.00 | |||
To Factory Payroll | $ 46,000.00 | ||||
3) | Factory Payroll | $ 200,000.00 | |||
To Cash | $ 200,000.00 |
Exercise 15-10 | |||||
Particulars | Debit | Credit | |||
1) | Factory OH | $ 110,500.00 | |||
To Other Accounts | $ 110,500.00 | ||||
2) | Work in Process | $ 84,700.00 | |||
To Factory OH | $ 84,700.00 | ||||
($ 154000 x 55%) |
please look at it carefully. its a same case for different problems Required information Use the...
Required information Use the following information to answer questions (The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials $46,000 9,500 55,000 42,000 18,200 33,700 188,000 200,000 16,000 46,000...
Required information Use the following information to answer questions (The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $46,000 9,500 55,000 42,000 18,200 33,700 Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials 188,000 200,000 16,000 46,000...
Required information [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $39,000 9,500 52,000 54,000 19,600 34,500 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined...
(The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $ 35,000 9,200 56,000 55,000 18,700 33,200 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead...
Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $38,000 9.500 54,000 58,000 18.700 33,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined...
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Required information The following information applies to the questions displayed below] Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows. a. Purchased raw materials on credit, $240,000 b. Materials requisitions record use of the following materials for the month Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Beginning Inventory 154,200 420, eee Ending Inventory $ 225,000 445,000 Raw materials inventory Work in process inventory- Weaving Work in process inventory- Sewing Finished goods inventory 645,000 1,416,000 875,000 1,486,000 The following additional information describes the...
hapters 14 and 15 i Saved Help S: Required information [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 42 $ $36,000 9,200 67,000 55,000 19, 180 33, 100 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect...
Required information (The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $44,000 9,200 50,000 39,000 19,400 33, 100 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash)...
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Required information (The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $ 25,000 9,200 54,000 55,000 19,800 34,300 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in...