Question

Calculato Record the journal entries for the following transactions 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879 March 10 ?? March 15 March 25
0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Calculato Record the journal entries for the following transactions 1. March 10: 400 units of raw...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Record the journal entries for the following transactions: 1. March 10: 400 units of raw materials...

    Record the journal entries for the following transactions: 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 ►► March 25 Next O 10 020 G Н. B N M M

  • Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials...

    Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 400 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 300 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 March 25

  • Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials...

    Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials were purchased on account at $6.50 per unit. 2. Mar. 15: 400 units of raw materials were requisitioned at $7.00 per unit for production, Job 872. 3. Mar. 25: 300 units of raw materials were requisitioned at $6.50 per unit for production, Job 879. If an amount box does not require an entry, leave it blank. Mar. 10 Mar. 15 Mar. 25 The cost...

  • Job Costing Journal Entries Prepare journal entries to record the following transactions and events for September...

    Job Costing Journal Entries Prepare journal entries to record the following transactions and events for September using a job order costing system. (a) Purchased raw materials on credit, $189.000. (b) Raw materials requisitioned: $62,000 direct and $40,000 indirect. (c) Factory payroll accrued $125,000, including $75,000 indirect labor, remainder was direct labor. (d) Paid other actual overhead costs totaling $58,500 with cash. (e) Applied overhead totaling $47.500. (f) Finished and transferred jobs totaling $277,800. (g) Jobs costing $189.800 were sold on...

  • record journal entries for the following transactions 23) Record journal entries for the following transactions. a)...

    record journal entries for the following transactions 23) Record journal entries for the following transactions. a) Issued S8,000 of direct materials to production in the Carving Department. b) Manufacturing labor in the Carving Department amounted to $7,200. c) Allocate manufacturing labor to the appropriate accounts: 90% direct labor; 10% indirect labor. The pay rate for all direct labor is $20 per hour. d) Allocated manufactured overhead in the Carving Department at $15 direct labor per hour Transferred $8,000 of product...

  • On May 7, Bergan Company purchased on account 60,500 units of raw materials at $13.00 per...

    On May 7, Bergan Company purchased on account 60,500 units of raw materials at $13.00 per unit. During May, raw materials were requisitioned for production as follows: 26,600 units for Job 200 at $9.00 per unit and 26,800 units for Job 305 at $13.00 per unit. Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom. Refer to the Chart of Accounts for exact wording of account titles....

  • Journal Entries, Job Costs The following transactions occurred during the month of April for Olakala Company:...

    Journal Entries, Job Costs The following transactions occurred during the month of April for Olakala Company: Purchased materials costing $3,000 on account. Requisitioned materials totalling $1,700 for use in production: $500 for Job 443 and the remainder for Job 444. Recorded 50 hours of direct labour on Job 443 and 100 hours on Job 444 for the month. Direct labourers are paid at the rate of $8 per hour. Applied overhead using a plantwide rate of $7.50 per direct labour...

  • Issuance of Materials On May 7, Darling Company purchased on account 770 units of raw materials...

    Issuance of Materials On May 7, Darling Company purchased on account 770 units of raw materials at $11 per unit. During May, raw materials were requisitioned for production as follows: 239 units for Job 200 at $8 per unit and 370 units for Job 305 at $11 per unit. Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. May 7 Journalize the entry on May 31 to...

  • Issuance of Materials On May 7, Jernigan Company purchased on account 660 units of raw materials...

    Issuance of Materials On May 7, Jernigan Company purchased on account 660 units of raw materials at $13 per unit. During May, raw materials were requisitioned for production as follows: 257 units for Job 200 at $11 per unit and 323 units for Job 305 at $13 per unit. Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. May 7 Journalize the entry on May 31 to...

  • Prepare Journal Entries for 1. Raw materials were purchased on account: $236000 2. Raw materials were...

    Prepare Journal Entries for 1. Raw materials were purchased on account: $236000 2. Raw materials were requisitioned for use in production: $208,000 (85% direct and 15% indirect) 3. Record the costs that were incurred for employee services. 4. Heat, power, and water costs were incurred in the factory: $50,100. 5. Prepaid insurance expired during the year: $19,000 (80% relates to factory operations, and 20% relates to selling and administrative activities). 6. Advertising costs were incurred, $59,000. 7. Depreciation was recorded...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT