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please look at it carefully. its a same case for different problems
Required information Use the following information to answer questions The following information applies to the questions dis
View transaction list Journal entry worksheet < 1 2 3 Record raw material purchases for cash. Note: Enter debits before credi
View transaction list Journal entry worksheet Record the entry to assign direct materials to jobs. Note: Enter debits before
Prepare journal entries for the above transactions for the month of May View transaction list Journal entry worksheet Record
Exercise 15-9 Journal entries for labor LO P2 1. Direct labor usage 2. Indirect labor usage 3. Total payroll paid in cash Pre
Exercise 15-9 Journal entries for labor LO P2 1. Direct labor usage. 2. Indirect labor usage 3. Total payroll paid in cash. P
Exercise 15-9 Journal entries for labor LO P2 1. Direct labor usage. 2. Indirect labor usage. 3. Total payroll paid in cash.
Exercise 15-10 Journal entries for overhead LO P3 1. Incurred other overhead costs (record credit to Other Accounts). 2. Appl
Exercise 15-10 Journal entries for overhead LO P3 1. Incurred other overhead costs (record credit to Other Accounts). 2. Appl
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Answer #1
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%)
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