Question

Attempt in Progress the current month, Dalmar Company incurs the following manufacturing costs Purchased raw materials of $16.800 on account Incurred factory labour of $40,900. Of that amount, $30,700 relates to wages payable and 110200 relates to part payable. Factory utilities of $3.000 are payable, prepaid factory property taxes of $2,300 have expired, and depreciation on factory building is $9.000 Prepare journal entries for each type of manufacturing cost. (Use a summary entry to record manufacturingowe account titles are automatically indented when amount is entered. Do not indent morally) Credit Debit Mo Account Titles and Explanation

Answer 1

no	Account titles and Explanations					Debit	Credit
1)	Raw materials inventory					16,800
	Accounts payable						16,800
2)	Factory labor					40,900
	Factory wages payable						30,700
	Employer payroll taxes payable						10,200
3)	Manufacturing ovehead
	Utilities payable						3,600
	prepaid property taxes						2,380
	Accumulated depreciaton -building						9,000