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The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,700 9 oints Work-In-Process Inventory BB (11/1) 33,300 Dir.Materials 85,500 Cost of Goods Sold Finished Goods Inventory EB (11/30) 99,000 Manufacturing Overhead Control eBook Applied Manufacturing Overhead 258,000 Sales Revenue 721,800 Wages Payable Print Additional Data References • Materials of $113,700 were purchased during the month, and the balance in the Materials Inventory account increased by $11,800. • Overhead is applied at the rate of 150 percent of direct labor...
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please fill in miss parts in T account
The following T-accounts represent November activity Materials Inventory Work-In-Process Inventory Ев (11/30) вв (11/1) 56,400 32,400 Dir.Materials 86,700 Finished Goods Inventory Cost of Goods Sold EB (11/30) 100,000 Applied Manufacturing overhead Manufacturing Overhead Control 270,000 Wages Payable Sales Revenue 761,900 Additional Data Materials of $111,900 were purchased during the month, and the balance in the Materials Inventory account increased by $10,700. Overhead is applied at the rate of 150 percent of direct...
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Account TitlesDebitCreditWork-in-Process Inventory (Direct Labor)10,000Wages Payable10,000Direct Material Inventory14,200Accounts Payable14,200Finished Goods Inventory36,200Work-in-Process Inventory36,200Cost of Goods Solda44,100Finished Goods Inventory44,100 aThis entry does not include any over- or underapplied overhead. Over- or underapplied overhead is written off to Cost of Goods Sold once for the month. For June, the amount written off was 5 percent of overhead applied for June. The Work-in-Process ending account balance on June 30 was twice the beginning balance. The Direct Material Ending Inventory balance on June 30 was $6,970 less...
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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...
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What is the manufacturing overhead
Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $ 43, 400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400 of direct raw materials and $600 of indirect raw materials on account. The indirect materials are capitalized in the Production Supplies account. Materials requisitions showed that $10,800 of direct raw materials...
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Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory BB (11/1) 43,000 133,000 102,000 Cost of Goods Sold Work-In-Process Inventory BB (11/1) 73,000 Labor 96,000 Manufacturing Overhead Control Finished Goods Inventory_ BB (11/1) 93,000 193,000 133,000 Applied Manufacturing Overhead 91,000 Additional information for November follows: • Labor wage rate was $30 per hour. • Manufacturing overhead is applied at $24 per direct labor-hour. . During the month, sales revenue was...
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Selected information from the Blake Corporation accounting records for June follows. ntory BB (6/1) Materials Inventory 89,000 461,000 416,000 Work-In-Process Inventory Labor 510,000 EB (6/30) 540,000 Finished Goods Inventory BB (6/1) 291,000 836,000 833,000 Cost of Goods Sold Manufacturing Overhead Control 316,000 316,000 24,000 Applied Manufacturing Overhead 340,000 316,000 24,000 Additional information for June follows: • Labor wage rate was $30 per hour. • During the month, sales revenue was $1,029,000, and selling and administrative costs were $236,000 • This...
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Selected T-accounts for Moore Company are given below for the just completed year Raw Materials Manufacturing Overhead Credits ? Bal. 1/1 Debits 36,000 440,000 Debits 214,000 Credits Bal 12/31 51,000 Work in Process Factory Wages Payable 173,000 Bal 1/1 Debits Bal. 1/1 Direct materials Credits 12,000 77,000 323,000 550,000 Credits 176,000 Direct labor Overhead 156,000 Bal 12/31 15,000 249,600 Bal 12/31 ? Finished Goods Cost of Goods Sold Bal. 1/1 Debits 40,000 ? Credit ? Debits ? Bal 12/31 137.000...
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Eagle Inc. uses a job-order costing system. The company’s
inventory balances on April 1, the start of its fiscal year, were
as follows:
Raw Materials Inventory
$469,325
Work in Process Inventory
$255,100
Finished Goods Inventory
$181,256
During the year, the following transactions were completed:
Raw materials were purchased on account, $267,345.
Raw materials were issued from the storeroom for use in
production, $238,000 (40% indirect and 60% direct).
Employee salaries and wages were accrued as follows: direct
labor, $229,600; indirect...
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Work in Process Inventory $5,350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $600 $700 Direct labor 300 500 Manufacturing overhead 375 625 $1.275 $1.825 Linton $900 600 750 $2.250 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead depreciation on equipment $1,000 and miscellaneous costs of $400 incurred on account. A summary...
The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,700 9 oints Work-In-Process Inventory BB (11/1) 33,300 Dir.Materials 85,500 Cost of Goods Sold Finished Goods Inventory EB (11/30) 99,000 Manufacturing Overhead Control eBook Applied Manufacturing Overhead 258,000 Sales Revenue 721,800 Wages Payable Print Additional Data References • Materials of $113,700 were purchased during the month, and the balance in the Materials Inventory account increased by $11,800. • Overhead is applied at the rate of 150 percent of direct labor...
please fill in miss parts in T account
The following T-accounts represent November activity Materials Inventory Work-In-Process Inventory Ев (11/30) вв (11/1) 56,400 32,400 Dir.Materials 86,700 Finished Goods Inventory Cost of Goods Sold EB (11/30) 100,000 Applied Manufacturing overhead Manufacturing Overhead Control 270,000 Wages Payable Sales Revenue 761,900 Additional Data Materials of $111,900 were purchased during the month, and the balance in the Materials Inventory account increased by $10,700. Overhead is applied at the rate of 150 percent of direct...
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...
What is the manufacturing overhead
Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $ 43, 400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400 of direct raw materials and $600 of indirect raw materials on account. The indirect materials are capitalized in the Production Supplies account. Materials requisitions showed that $10,800 of direct raw materials...
Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory BB (11/1) 43,000 133,000 102,000 Cost of Goods Sold Work-In-Process Inventory BB (11/1) 73,000 Labor 96,000 Manufacturing Overhead Control Finished Goods Inventory_ BB (11/1) 93,000 193,000 133,000 Applied Manufacturing Overhead 91,000 Additional information for November follows: • Labor wage rate was $30 per hour. • Manufacturing overhead is applied at $24 per direct labor-hour. . During the month, sales revenue was...
Selected information from the Blake Corporation accounting records for June follows. ntory BB (6/1) Materials Inventory 89,000 461,000 416,000 Work-In-Process Inventory Labor 510,000 EB (6/30) 540,000 Finished Goods Inventory BB (6/1) 291,000 836,000 833,000 Cost of Goods Sold Manufacturing Overhead Control 316,000 316,000 24,000 Applied Manufacturing Overhead 340,000 316,000 24,000 Additional information for June follows: • Labor wage rate was $30 per hour. • During the month, sales revenue was $1,029,000, and selling and administrative costs were $236,000 • This...
Selected T-accounts for Moore Company are given below for the just completed year Raw Materials Manufacturing Overhead Credits ? Bal. 1/1 Debits 36,000 440,000 Debits 214,000 Credits Bal 12/31 51,000 Work in Process Factory Wages Payable 173,000 Bal 1/1 Debits Bal. 1/1 Direct materials Credits 12,000 77,000 323,000 550,000 Credits 176,000 Direct labor Overhead 156,000 Bal 12/31 15,000 249,600 Bal 12/31 ? Finished Goods Cost of Goods Sold Bal. 1/1 Debits 40,000 ? Credit ? Debits ? Bal 12/31 137.000...
Work in Process Inventory $5,350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $600 $700 Direct labor 300 500 Manufacturing overhead 375 625 $1.275 $1.825 Linton $900 600 750 $2.250 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead depreciation on equipment $1,000 and miscellaneous costs of $400 incurred on account. A summary...