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For the journal entries listed below select the activity that requires their use Dr. Raw Materials...
I don't know part 5 Prepare journal entries for the above transactions in July. No Transaction...
I don't know part 5
Prepare journal entries for the above transactions in July. No Transaction General Journal Credit Debit 13.000 Work in process inventory Raw materials inventory 13.000 Work in process inventory 12.000 Factory wages payable 12.000 10.800 Work in process inventory Factory overhead 10.800 27.000 Accounts receivable Sales 27.000 8.420 X Cost of goods sold Finished goods inventory 8.420 % < Required 1 Required 2 > We were unable to transcribe this image
Use the provided chart of accounts below to prepare the general journal entries in the space...
Use the provided chart of accounts below to prepare the general journal entries in the space provided for the following transactions and events that occurred in November for ABC Manufacturing Company who uses a job order costing system. (Do not abbreviate when writing journal entries.) Chart of Accounts Cash Raw Materials Inventory Goods in Process Inventory Finished Goods Inventory Accumulated Depreciation Accounts Payable Factory Payroll Factory Overhead Sales Cost of Goods Sold Rent Expense Salaries Expense Utilities Expense (Write journal...
The following data should be used for questions 9-12: Raw materials inventory, January 1 Raw materials...
The following data should be used for questions 9-12: Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January ! Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Selling and administrative expenses S 12.000 16.000 5.000 8.000 17.000 12.000 118.000 165,000 64,000 12,000 18,000 220,000 9. How much is the cost of the direct materials used? a. S118,000 b. $114,000...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $49,700. 2. Raw Materials...
Crawford Corporation incurred the following
transactions.
1.
Purchased raw materials on account $49,700.
2.
Raw Materials of $41,700 were requisitioned to the factory. An
analysis of the materials requisition slips indicated that $8,100
was classified as indirect materials.
3.
Factory labor costs incurred were $61,900, of which $50,500
pertained to factory wages payable and $11,400 pertained to
employer payroll taxes payable.
4.
Time tickets indicated that $55,400 was direct labor and $6,500
was indirect labor.
5.
Manufacturing overhead costs incurred...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $55,500. 2. Raw Materials...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $55,500. 2. Raw Materials of $43,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,600 was classified as indirect materials. 3. Factory labor costs incurred were $65,600, of which $50,000 pertained to factory wages payable and $15,600 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,400 was direct labor and $10,200 was indirect labor. 5. Manufacturing overhead costs incurred...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $47,000. 2. Raw Materials...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $47,000. 2. Raw Materials of $44,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,300 was classified as indirect materials. 3. Factory labor costs incurred were $60,100, of which $51,000 pertained to factory wages payable and $9,100 pertained to employer payroll taxes payable. 4. Time tickets indicated that $54,400 was direct labor and $5,700 was indirect labor. 5. Manufacturing overhead costs incurred...
Exercise 15-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2....
Exercise 15-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials of $45,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. Factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. Manufacturing overhead...
a. Purchased raw materials on credit. $240,000 b. Materials requisitions record use of the following materials...
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 Baterials Indirect materials Total materials used $ 49,500 33,500 19,400 22,800 7,200 132,400 20,000 $152,400 c. Paid $15.750 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137...
Finished Goods Inventory Manufacturing Overhead Operating Overhead Prepaid Insurance Prepaid Property Taxes Property Tax Payable Raw...
Finished Goods Inventory Manufacturing Overhead Operating Overhead Prepaid Insurance Prepaid Property Taxes Property Tax Payable Raw Materials Inventory Salaries and Wages Payable Sales Revenue Service Contracts in Process Service Salaries and Wages Supplies Utilities Payable Fort Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $85,000. 2. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classiñed as indirect materials. 3....
STEP 1: Create the following Journal Entries: The raw materials were purchased for use in production,...
STEP 1: Create the following Journal
Entries:
The raw materials were purchased for use in production,
$205,000 on account.
The raw materials used in production (all direct materials),
$190,000.
The utility bills were incurred on account, $60,000 (90%
related to factory operations, and the remainder related to selling
and administrative activities).
The salary and wage costs accrued were $235,000 (Direct labor),
$91,000 (Indirect labor), $115,000 (Selling and administrative
salaries).
The maintenance costs were incurred on account in the factory,
$55,000....
I don't know part 5
Prepare journal entries for the above transactions in July. No Transaction General Journal Credit Debit 13.000 Work in process inventory Raw materials inventory 13.000 Work in process inventory 12.000 Factory wages payable 12.000 10.800 Work in process inventory Factory overhead 10.800 27.000 Accounts receivable Sales 27.000 8.420 X Cost of goods sold Finished goods inventory 8.420 % < Required 1 Required 2 > We were unable to transcribe this image
The following data should be used for questions 9-12: Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January ! Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Selling and administrative expenses S 12.000 16.000 5.000 8.000 17.000 12.000 118.000 165,000 64,000 12,000 18,000 220,000 9. How much is the cost of the direct materials used? a. S118,000 b. $114,000...
Crawford Corporation incurred the following
transactions.
1.
Purchased raw materials on account $49,700.
2.
Raw Materials of $41,700 were requisitioned to the factory. An
analysis of the materials requisition slips indicated that $8,100
was classified as indirect materials.
3.
Factory labor costs incurred were $61,900, of which $50,500
pertained to factory wages payable and $11,400 pertained to
employer payroll taxes payable.
4.
Time tickets indicated that $55,400 was direct labor and $6,500
was indirect labor.
5.
Manufacturing overhead costs incurred...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $55,500. 2. Raw Materials of $43,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,600 was classified as indirect materials. 3. Factory labor costs incurred were $65,600, of which $50,000 pertained to factory wages payable and $15,600 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,400 was direct labor and $10,200 was indirect labor. 5. Manufacturing overhead costs incurred...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $47,000. 2. Raw Materials of $44,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,300 was classified as indirect materials. 3. Factory labor costs incurred were $60,100, of which $51,000 pertained to factory wages payable and $9,100 pertained to employer payroll taxes payable. 4. Time tickets indicated that $54,400 was direct labor and $5,700 was indirect labor. 5. Manufacturing overhead costs incurred...
Exercise 15-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials of $45,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. Factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. Manufacturing overhead...
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 Baterials Indirect materials Total materials used $ 49,500 33,500 19,400 22,800 7,200 132,400 20,000 $152,400 c. Paid $15.750 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137...
Finished Goods Inventory Manufacturing Overhead Operating Overhead Prepaid Insurance Prepaid Property Taxes Property Tax Payable Raw Materials Inventory Salaries and Wages Payable Sales Revenue Service Contracts in Process Service Salaries and Wages Supplies Utilities Payable Fort Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $85,000. 2. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classiñed as indirect materials. 3....
STEP 1: Create the following Journal
Entries:
The raw materials were purchased for use in production,
$205,000 on account.
The raw materials used in production (all direct materials),
$190,000.
The utility bills were incurred on account, $60,000 (90%
related to factory operations, and the remainder related to selling
and administrative activities).
The salary and wage costs accrued were $235,000 (Direct labor),
$91,000 (Indirect labor), $115,000 (Selling and administrative
salaries).
The maintenance costs were incurred on account in the factory,
$55,000....
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