Solution:
Journal Entry | |||
Transaction | Particulars | Debit | Credit |
1 | Work in process Inventory (88740+29320+3470+39030) | $1,60,560 | |
Manufacturing Overhead | $2,400 | ||
Raw Materials inventory | $1,62,960 |
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Pow X ID Top 10 Benefit X Negative Effect x V Uso social med X Which Social x 2 Cenga, now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=fa Calculator Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $15,710 127,720 Direct materials Direct labor 137,780 Factory overhead 72,420 Jobs finished during August are summarized as follows: Job 210 Job 216 Job 224 Job 230 $63,650 38,900 74,260...
Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount Aluminum 500 $976,000 201 Plastic 503 202 412,300 Rubber 203 504 187,700 Glue Indirect 204 150,000 Steel 510 205 619,000 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank.
Obj. 2 SHOW ME HOW Amount try for issuing materials Materials issued are as follows: Requisition No. Material Job No. 201 Aluminum 500 202 Plastic 503 203 Rubber 504 204 Glue Indirect 205 Steel 510 Journalize the entry to record the issuance of materials. $976,000 412,300 187,700 150,000 619,000
Chapter 16 Job Order Costing O SHOW ME HOW EX 16-4 Entry for issuing materials Materials issued for the current month are as follows: Requisition No. Material Job No. 201 Aluminum 500 202 Plastic 503 203 Rubber 504 204 Glue Indirect 205 Steel 510 Journalize the entry to record the issuance of materials. Amount $88,700 27,600 3,650 2,250 38,750
CH 16 EXERCISES 3,4,8,10,14.15 eBook Show Me How Calci Entry for Issuing Materials 201 Materials issued for the current month are as follows: Requisition No. Material Job No. Amount Aluminum 500 $88,700 Plastic 503 27,600 203 Rubber 504 3,650 204 Glue Indirect 2,250 205 Steel 510 38,750 202 Journalize the entry to record the issuance of materials. For a compound transaction, if an amount box does not require an entry, leave it blank.
How Busi APA Style x ID Top 10 Be x C Negative * BV Use socia x Which So w.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogres Calculator Given the following data: Beginning raw materials inventory Materials purchased Ending raw materials inventory $30,000 65,000 40,000 What is the amount of raw materials used? a. $5,000 b. $75,000 c. $30,000 d. $55,000
eBook Show Me How Calculator Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $26,100 Polyester filling 7,800 Lumber 58,500 Glue 2,500 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric Polyester filling Lumber $127,900 177,800 350,400 Glue 12,200 Materials were requisitioned to individual jobs as follows: Fabrich Polyester Filling Lumber Glue Total...
OBJ. 2 EX 17-3 Cost of materials issuances under the FIFO method An incomplete subsidiary ledger of materials inventory for May is as follows: RECEIVED ISSUED BALANCE Receiving Roport Number Quantity Materials Unit Requisition Price 1 Number Quantity Amount Quantity 285 Unit Price Amount $30.00 $8,550 130 110 $32.00 38.00 Date May 1 May 4 May 10 May 21 May 27 91 365 97100 a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. b. Determine...
4 Problems - CH.16 - EX17-3, EX17-4, EX17-5, EX17-7, & EX17-8.pdf (399 KB) Chapter 17 Joo Uroer Cosung 017 OBJ. 2 b. $2,280 EX 17-3 Cost of materials issuances under the FIFO method An incomplete subsidiary ledger of materials inventory for May is as follows: RECEIVED ISSUED BALANCE Receiving Report Number Quantity Unit Price Materials Requisition Number Unit Price Amount $30.00 $8,550 130 $32.00 Quantity Amount Date Quantity May 1 285 May 4 May 10 May 21 100 May 27...