Homework Answers
Journal Entries:
| Transaction | Account title and explanation | Debit | Credit |
| 1 | Raw materials inventory | $ 86,000 | |
| Cash | $ 86,000 | ||
| [To record purchase of raw materials for cash] | |||
| 2 | Factory overhead | $ 15,000 | |
| Raw materials inventory | $ 15,000 | ||
| [To record indirect use of raw materials] | |||
| 3 | Work in process inventory | $ 64,700 | |
| Raw materials inventory | $ 64,700 | ||
| [To record direct use of raw materials] |
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transactions.
Journal entry worksheet Record the cost of direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general jour View transaction list Journal entry worksheet Record the...
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PLEASE HELP...READ THE QUESTIONS CAREFULLY!!!!!
During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials. Prepare journal entries to record these three transactions. View transaction list Journal entry worksheet < 1 2 3 Record the raw materials purchase for $50,000, paid in cash. Note: Enter debits before credits. Transaction General Journal Debit...
During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials. Prepare journal entries to record these three transactions.
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PLEASE HELP.....READ THE INSTRUCTION BERY CAREFULLY
During the current month, a company that uses job order
costing incurred a monthly factory payroll of $180,000. Of this
amount, $40,000 is classified as indirect labor and the remainder
as direct. Prepare journal entries to record these
transactions.
Journal entry worksheet Record the cost of direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general jour View transaction list Journal entry worksheet Record the...
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