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Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for fPrepare entries for manufacturing costs and assigning costs to production. (Credit account titles are automatically indented

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Journal entries

General Journal Debit Credit
Raw material 256400
Account payable 256400
(To record purchase raw material on account)
Factory labor 111460
Wages payable 111460
(To record factory labor cost)
manufacturing overhead 86420
Account payable 69600
Accumulated depreciation-equipment 16820
(To record manufacturing overhead)
Work in process 106100
Manufacturing overhead 5360
Factory labor 111460
(To assign factory labor to production)
Work in process 155610
Manufacturing overhead 3140
Raw material 158750
(To assign raw materials to production)
Work in process (106100*75%) 79575
Manufacturing overhead 79575
(To assign overhead to production)
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