Journal entries | |||
Particulars | Debit | Credit | |
1 | Raw material | 63700 | |
Accounts payable | 63700 | ||
2 | Factory labor | 60500 | |
Wages payable | 60500 | ||
3 | Manufacturing overheads | 71700 | |
Cash | 41400 | ||
Accounts payable | 30300 | ||
4 | Work in process cutting | 16800 | |
Work in process assembly | 9900 | ||
Raw material | 26700 | ||
5 | Work in process cutting | 33600 | |
Work in process assembly | 26900 | ||
Factory payroll | 60500 | ||
6 | Work in process cutting (1700*21) | 35700 | |
Work in process assembly (1790*21) | 37590 | ||
Manufacturing overheads | 73290 | ||
7 | Work in process assembly | 68180 | |
Work in process cutting | 68180 | ||
8 | Finished goods | 136300 | |
Work in process assembly | 136300 | ||
9 | Cost of goods sold | 152400 | |
Finished goods | 152400 | ||
Accounts receivable | 201900 | ||
Sales revenue | 201900 | ||
Exercise 3-4 (Video) Schrager Company has two production departments: Cutting and Assembly. July 1 Inventories are...
Exercise 16-04 Schrager Company has two production departments Cutting and Assembly. Juy 1 inventories are Raw Materials 55,100, Work in Process-Outting $3.200, Work in Process Assembly $11,200, and finished Goods $32.800. During ly the following transactions occurred. 1. Purchased $63,700 of raw materials on account. 2. incurred $60,500 of factory labor. (Credit Wages Payable) 3. Incurred $71,700 of manufacturing overhead; 141,400 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $16,800 and Assembly $9,900. 5. Used factory...
Exercise 16-4 Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,600, Work in Process—Cutting $3,500, Work in Process—Assembly $11,400, and Finished Goods $32,600. During July, the following transactions occurred. 1. Purchased $63,100 of raw materials on account. 2. Incurred $60,900 of factory labor. (Credit Wages Payable.) 3. Incurred $71,600 of manufacturing overhead; $41,900 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $16,700 and Assembly $9,700. 5. Used factory labor...
Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,100, Work in Process—Cutting $3,600, Work in Process—Assembly $11,600, and Finished Goods $32,600. During July, the following transactions occurred. 1. Purchased $62,700 of raw materials on account. 2. Incurred $61,600 of factory labor. (Credit Wages Payable.) 3. Incurred $71,600 of manufacturing overhead; $42,000 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $16,600 and Assembly $9,600. 5. Used factory labor for Cutting...
Schrager Company has two production departments: Cutting and Assembly July 1 inventories are Raw Materials $4,600, Wo in Process-Cutting $3,800, Work in Process-Assembly $11,500, and Finished Goods $32,000. During July, the following transactions occurred. 1. Purchased $64,200 of raw materials on account. 2. Incurred $61,000 of factory labor. (Credit Wages Payable.) 3. Incurred $71,000 of manufacturing overhead: $42,300 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $16,700 and Assembly $9,600. 5. Used factory labor for Cutting...
Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,200, Work in Process-Cutting $3,200, Work in Process-Assembly $10,900, and Finished Goods $32,400. During July, the following transactions occurred. 1. 2. 3. 4. 5. Purchased $62,700 of raw materials on account. Incurred $60,200 of factory labor. (Credit Wages Payable.) Incurred $71,800 of manufacturing overhead; $42,900 was paid and the remainder is unpaid. Requisitioned materials for Cutting $16,500 and Assembly $9,800. Used factory labor for Cutting...
Schrager Company has two production departments Cutting and Assembly, July 1 Inventories are Raw Materials $4,400, Work in Process Cutting $3,500, Work in Process Accombly S11,500, and finished Goods 37,200. During July, the following transactions occurred. 1. Purchased $64,500 of raw materials on account 2 Incurred $60,200 of factory labor (Credit Wars Pavable) 3. Incurred $72,800 of manufacturing overhead; 41,600 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $17,200 and Assembly $9,600. 5. Used factory labor...
please help with the following. oport Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5.200, Work in Process-Cutting $3.900, Work in Process-Assembly $10,800, and Finished Goods $32,600. During July, the following transactions occurred. 1. Purchased $63.100 of raw materials on account. 2. Incurred $60,200 of factory labor. (Credit Wages Payable) 3. Incurred $72.000 of manufacturing overhead: $42.900 was paid and the remainder isung 4. Requisitioned materials for Cutting $17.200 and Assembly $9.500. 5....
Crane Company has two production departments: Cutting and Assembly, July 1 invertories are Raw Materials $4,300. Work in Process-Cutting $3,000, Work in Process-Assembly $10.700, and Finished Goods $32,000. During July, the following transactions occurred. 1. 2. 3 5. 6. 7 Purchased $62,600 of raw materials on account. Incurred $60,100 of factory labor. (Credit Wages Payable.) Incurred $71,000 of manufacturing overhead: $41,000 was paid and the remainder is unpaid. Requisitioned materials for Cutting $15,800 and Assembly $9.000. Used factory labor for...
Oriole Company has two production departments: Cutting and Assembly, July 1 Inventories are Raw Materials $5,200, Work in Process-Cutting $3,200, Work in Process- Assembly $10,900, and Finished Goods $32,400. During July, the following transactions occurred. 1. Purchased $62,700 of raw materials on account 2. Incprred $60,200 of factory labor. (Credit Wages Payable.) 3. Incurred $71,800 of manufacturing overhead; $42,900 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $16,500 and Assembly $9,800 5. Used factory labor for...
Schwager Company has two production departments Cutting and Assembly, July 1 Inventories are Raw Materials $5,200, Work In Process-Cutting $3,700, Work in Process Assembly $10,000, and finished Goods $2.500. During July, the following transactions occurred 1. Purchased $63,700 of raw materials on account 2. incurred 561,900 of factory labor. (Credit Wages Payable) 3. Incurred $71,500 of manufacturing overhead: $41,600 was paid and the remainder is unpaid 4. Requisitioned materials for Cutting 517,800 and Assembly 59,300 5. Used factory labor for...