Question

Problem 15-01A a-h (Video) (Part Level Submission) Bonita Company uses a job order cost system and applies overhead to produc(c) Your answer is partially correct. Try again. Prepare the journal entries to record (1) the purchase of raw materials, (2)

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Journal entries

No General Journal Debit Credit
1 Raw material inventory 95400
Account payable 95400
2 Factory labor 74200
Employer payroll taxes payable 16960
Factory wages payable 57240
3 Manufacturing overhead 68900
Raw material inventory 18020
Factory labor 21200
Accumulated depreciation-equipment 12720
Account payable 16960
Add a comment
Know the answer?
Add Answer to:
Problem 15-01A a-h (Video) (Part Level Submission) Bonita Company uses a job order cost system and...
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
  • Bonita Company uses a job order cost system and applies overhead to production on the basis...

    Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 21,200 direct labor $ 12,720, and manufacturing overhead $ 16,960. As of January 1, Job 49 had been completed at a cost of $ 95,400 and was part of finished goods inventory....

  • Lott Company uses a job order cost system and applies overhead to production on the basis...

    Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,200, direct labor $12,720, and manufacturing overhead $16,960. As of January 1, Job 49 had been completed at a cost of $95,400 and was part of finished goods inventory. There was a $15,900...

  • Problem 2-1A (Video) Latt Company uses a job order cost system and applies overhead to production...

    Problem 2-1A (Video) Latt Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Jab 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,600, direct labar $12,360, and manufacturing overhead $16,480. As of January 1, Job 49 had been carnpleted at a cost of $92,700 and was part of finished goods inventory. There...

  • Lott company uses a Problem 2-1A (Video) Lott Company uses a job order cost system and...

    Lott company uses a Problem 2-1A (Video) Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $22,000, direct labor $13,200, and manufacturing overhead $17,600. As of January 1, Job 49 had been completed at a cost of $99,000 and was part of...

  • Problem 20-01A a, c, d1, b, d2, e-h (Part Level Submission) (Video) Blossom Company uses a...

    Problem 20-01A a, c, d1, b, d2, e-h (Part Level Submission) (Video) Blossom Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $24,600, direct labor $14,760, and manufacturing overhead $19,680. As of January 1, Job 49 had been completed at a cost of...

  • Problem 2-1A (Video) Lott Company uses a job order cost system and applies overhead to production...

    Problem 2-1A (Video) Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,800, direct labor $13,080, and manufacturing overhead $17,440. As of January 1, Job 49 had been completed at a cost of $98,100 and was part of finished goods inventory. There...

  • Problem 2-1A (Video) Lott Company uses a job order cost system and applies overhead to production...

    Problem 2-1A (Video) Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,600, direct labor $12,360, and manufacturing overhead $16,480. As of January 1, Job 49 had been completed at a cost of $92,700 and was part of finished goods inventory. There...

  • Problem 15-01A (Part Level Submission) Lott Company uses a job order cost system and applies overhead...

    Problem 15-01A (Part Level Submission) Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,200, direct labor $12,120, and manufacturing overhead $16,160. As of January 1, Job 49 had been completed at a cost of $90,900 and was part of finished goods...

  • Bonita Company uses a job order cost system and applies overhead to production on the basis...

    Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1. 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21.200 direct labor $ 12.720. and manufacturing overhead S 16.960. As of January 1, Job 49 had been completed at a cost of $ 95.400 and was part of finished goods inventory. There...

  • Lott Company uses a job order cost system and applies overhead to production on the basis...

    Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2017, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,200, direct labor $13,920, and manufacturing overhead S18,560. As of January 1, Job No. 49 had been completed at a cost of S104,400 and was part of finished goods inventory. There was...

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