Question

8,400 11) The following information is available for the Annum Corporation for the current year: Cost of goods sold $292,000 Depreciation of factory equipment 25,200 Direct labor 64,750 Finished goods inventory, Beginning-year.... 45,000 Factory insurance 11,200 Factory utilities 16,800 Goods transferred from Work in Process Inventory to Finished Goods Inventory ....... Indirect labor 285,150 Raw materials inventory, Beginning year....... 4,200 Raw materials purchased 116,200 Raw materials used in production includes $7,000 of indirect materials) 121,800 Rent on factory building 22,400 Annum Company uses a predetermined overhead rate of 150% of direct labor cost. Prepare journal entries for the following transactions and events: (a) Purchase of raw materials on account. (b) Assignment of materials costs to Work in Process Inventory and Factory Overhead. (c) Assignment of Factory Payroll to Work in Process Inventory and Factory Overhead. (d) Recording of other factory overhead. Assume that all items other than depreciation are paid in cash. (e) Assignment of Factory Overhead to Work in Process Inventory. Transfer of goods completed to Finished Goods Inventory. (9) Recording cost of goods sold. (h) Assignment of over- or underapplied overhead to Cost of Goods Sold. Prepare the journal entries on the next page.
this is the problem and what i have so far

Answer 1

Date	Description	Post Ref.	Debit	Credit
	Raw Materials		116,200
	Accounts Payable			116,200
	Work in Process		114,800
	Factory Overhead		7,000
	Materials			121,800
	Work in Process		64,750
	Factory Overhead		8,400
	Wages Payable			73,150
	Factory Overhead		53,200
	Accumulated Depreciation - Equipment			25,200
	Cash			28,000
	Work in Progress		97,125
	Factory Overhead			97,125
	Finish Goods		285,150
	Work in Progress			285,150
	Cost of Goods Sold		292,000
	Finish Goods			292,000
	Factory Overhead		28,525
	Cost of Goods Sold			28,525