Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below.
Required:
Cash | |||
By R.M | $ 75,300.00 | ||
By F.Payroll | $ 151,800.00 | ||
By Manu. OH | $ 125,900.00 |
Raw Materials | |||
To R.M | $ 75,300.00 | By WIP | $ 65,800.00 |
By Manu OH | $ 6,100.00 | ||
$ - | By Bal c/d | $ 3,400.00 | |
$ 75,300.00 | $ 75,300.00 |
Factory Payroll | |||
To Cash | $ 151,800.00 | By WIP | $ 133,100.00 |
$ - | By Manu. OH | $ 18,700.00 | |
$ 151,800.00 | $ 151,800.00 |
WIP | |||
To R.M | $ 65,800.00 | By F.G | $ 320,600.00 |
To F.Payroll | $ 133,100.00 | ||
To WIP | $ 121,700.00 | $ - | |
$ 320,600.00 | $ 320,600.00 |
Manufacturing OH | |||
To R.M | $ 6,100.00 | By WIP | $ 121,700.00 |
To F.Payroll | $ 18,700.00 | By COGS | $ 29,000.00 |
To Cash | $ 125,900.00 | ||
$ 150,700.00 | $ 150,700.00 |
Finished Goods | |||
To WIP | $ 320,600.00 | By COGS | $ 320,600.00 |
Cost of Goods Sold | |||
To F.G | $ 320,600.00 | By P/L | $ 349,600.00 |
To Manu. OH | $ 29,000.00 | $ - | |
$ 349,600.00 | $ 349,600.00 |
Adjusted COGS = $ 349,600
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $75,300 in raw materials were purchased for cash. b. $71,300 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $150,400 were incurred and paid. Of this amount, $133,100 was for direct labor and the remainder...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,000 in raw materials were purchased for cash. $71,900 in raw materials were used in production. Of this amount, $65,300 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,200 were incurred and paid. Of this amount, $133,400 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,300 in raw materials were purchased for cash. $71,500 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,200 were incurred and paid. Of this amount, $134,800 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,300 in raw materials were purchased for cash. $72,000 in raw materials were used in production. Of this amount, $65,500 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,900 were incurred and paid. Of this amount, $134,900 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $75,300 in raw materials were purchased for cash. $71,300 in raw materials were used in production. Of this amount, $65,100 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,200 were incurred and paid. Of this amount, $133,700 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,300 in raw materials were purchased for cash. $72,300 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. Total labor wages of $152,000 were incurred and paid. Of this amount, $133,000 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,200 in raw materials were purchased for cash. $72,300 in raw materials were used in production. Of this amount, $65,800 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,100 were incurred and paid. Of this amount, $134,700 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,300 in raw materials were purchased for cash. $72,100 in raw materials were used in production. Of this amount, $65,400 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,400 were incurred and paid. Of this amount, $133,200 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,600 in raw materials were purchased for cash. $72,300 in raw materials were used in production. Of this amount, $65,400 was for direct materials and the remainder was for indirect materials. Total labor wages of $150,300 were incurred and paid. Of this amount, $133,900 was for direct labor and the remainder was for indirect...
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. $76,500 in raw materials were purchased for cash. $72,400 in raw materials were used in production. Of this amount, $66,200 was for direct materials and the remainder was for indirect materials. Total labor wages of $151,100 were incurred and paid. Of this amount, $133,700 was for direct labor and the remainder was for indirect...