Question

Check my work The following transactions occurred in April at Steves Cabinets, a custom cabinet firm. 1. Purchased $25,500 o i completed the part a and all entries were correct
Required A Required B Prepare journal entries to record the transactions. (If no entry is required for a transaction/event, s
с Choo 3 Materials inventory Accounts payable 13,100 13,100 D 4 Accounts payable Cash 25,500 25,500 E 5 Work-in-process direc
Prepare T-accounts to show the flow of costs during the period from Materials Inventory through cost of Goods Sold. Work-In-P
Bog, bal Bog, bal End, bal. End, bal 0 Accounts Payable Cash Beg. bal. Beg bal End, bal 0 End. bal 0 Wages Payable Accumulatei just now need part b which is puting the ending balances on the t accounts. please make answers readable and please explain. thank you


Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate
Check my work Factory direct labor-hours (DLE) Job 6023 Job 6024 Job 6025 12,000 DLH 9,000 DL 7,000 DLH $ 224,000 49,500 113,
Check my work a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to indiviplease show work and make answers visble
0 0
Add a comment Improve this question Transcribed image text
Answer #1

b.

Materials Inventory Work in Process Inventory
Beg. Bal. 32490 Beg. Bal. 8500
1 25500 1750 2 5 15500 50020 Finished Goods
3 13100 15500 5 6 29500
8 38350
End. Bal. 53840
End. Bal. 41830
Manufacturing Overhead Control Applied Manufacturing Overhead
Beg. Bal. 0 Beg. Bal. 0
2 1750 38350 8
7 23100
9 11900 End. Bal. 38350
End. Bal. 36750
Accounts Payable Cash
Beg. Bal. 0 Beg. Bal. 0
4 25500 25500 1 25500 4
13100 3 23100 7
End. Bal. 13100 End. Bal. 48600
Wages Payable Accumulated Depreciation-PPE
Beg. Bal. 0 Beg. Bal. 0
29500 6 11900 9
End. Bal. 29500 End. Bal. 11900
Finished Goods Inventory Cost of Goods Sold
Beg. Bal. 35100 Beg. Bal. 0
Goods completed 50020 55530 Transfer to Cost of Goods Sold Finished Goods Inventory 55530
End. Bal. 29590 End. Bal. 55530

Per Chegg guidelines the first question has been answered. Please post the remaining independent question separately. Thank You.

Add a comment
Know the answer?
Add Answer to:
i completed the part a and all entries were correct i just now need part b...
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
  • Kansas Company uses a job costing accounting system for its production costs. The company uses a...

    Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours 150,000 180,000 210,000 Variable overhead costs $ 1,200,000 $ 1,440,000 $ 1,680,000 Fixed overhead costs 594,000 594,000 594,000 Total overhead $ 1,794,000 $ 2,034,000 $ 2,274,000 The expected volume is 180,000 direct...

  • The expected volume is 180,000 direct labor-hours for the entire year. The following informa a predetermined...

    The expected volume is 180,000 direct labor-hours for the entire year. The following informa a predetermined overhead rate based on direct labor-hours to apply overhead to individual you Kansas Company uses a job costing accounting system for its production costs. The company for Required Complete the T-accounts. of a -3) follows. Direct labor-hours Variable overhead costs. Fixed overhead costs Total overhead 150,000 $1,050,000 648,000 $1,698.000 180,000 $1,260,000 648,000 $1,908,000 210,000 $1,470,000 648,000 $2,118,000 tion is for March, when Jobs 6023...

  • Kansas Company uses a job costing accounting system for its production costs. The company uses a...

    Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours 150,000 180,000 210,000 Variable overhead costs $ 1,200,000 $ 1,440,000 $ 1,680,000 Fixed overhead costs 702,000 702,000 702,000 Total overhead $ 1,902,000 $ 2,142,000 $ 2,382,000 The expected volume is 180,000 direct...

  • Kansas Company uses a job costing accounting system for its production costs. The company uses a...

    Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows: Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $1,050,000 648,000 $1,698,000 180,000 $1,260,000 648,000 $1,908,000 210,000 $1,470,000 648,000 $2,118,000 The expected volume is 180,000 direct labor-hours for the entire year. The...

  • Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead...

    Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $ 900,000 684,000 $1,584,000 180,000 $1,080,000 684,000 $1,764,000 210.000 $1,260,000 684,000 $1,944,000 The expected volume is 180,000 direct labor-hours for the entire year....

  • Kansas Company uses a job costing accounting system for its production costs. The company uses a...

    Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours 150,000 180,000 210,000 Variable overhead costs $ 1,050,000 $ 1,260,000 $ 1,470,000 Fixed overhead costs 684,000 684,000 684,000 Total overhead $ 1,734,000 $ 1,944,000 $ 2,154,000 The expected volume is 180,000 direct...

  • Kansas Company uses a job costing accounting system for its production costs. The company uses a...

    Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as Required Complete the T-accounts. (LO 7-3) 7-52. Analysis of Overhead Using a Predetermined Rate follows. Direct labor-hours Variable overhead costs. Fixed overhead costs Total overhead. 150,000 $1,050,000 648,000 $1,698,000 180,000 $1,260,000 648,000 $1,908,000 210,000 $1,470,000...

  • please explain and make answers visable Kansas Company uses a job costing accounting system for its...

    please explain and make answers visable Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $1,050,000 612,000 $1,662,000 180,000 $1,260,000 612,000 $1,872,000 210,000 $1,470,000 612,000 $2,082,000 The expected volume is 180,000 direct...

  • Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead...

    Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $1,050,000 612,000 $1,662,000 180,000 $1,260,000 612,000 $1,872,000 210,000 $1,470,000 612,000 $2,082,000 The expected volume is 180,000 direct labor-hours for the entire year. The...

  • i just need part B please and thank you Exercise 7-24 (Algo) Assigning Costs to Jobs...

    i just need part B please and thank you Exercise 7-24 (Algo) Assigning Costs to Jobs (LO 7-1, 2) Forest Components makes aircraft parts. The following transactions occurred in July 2.5 points 1 Purchased $16,960 of materials on account 2. Issued $16,750 in direct materials to the production department 3. Issued $1,330 of supplies from the materials Inventory 4. Pald for the materials purchased in transaction (1) using cash. 5. Returned $2,130 of the materials issued to production in (2)...

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