I just want part i resolved. 2. The following information relates to the manufacturing operations of Delicious Co. during themonth of January. The company uses job order costing. Please do the following journal entries.a) Purchases of direct materials on account during the month amount to $45000DebitCreditDbCrwwwb) Materials used by the Production Department during the month total $40000DebitCreditDbCrc) Time cards of direct workers show 1200 hours worked on various jobs during the month for $20per hourCalculations:DebitCreditDbCrd) Direct workers were paid $20000 in JanuaryDebitCreditDbCr derileriGözden Geçiraruimununjoce) Actual overhead costs for the month mount to $42000. Overhead costs has not been paid in cashyet, will be paid later.DebitCreditDbCrf) Overhead is applied to jobs at a rate of 120% direct labor costCalculations:DebitCreditDbCrg) Jobs with total accumulated costs of $105000 were completed during the monthDebitCreditDbCrh) During January, 50 units costing $25 per unit were sold on account for selling price of $35 perunit.Calculations:DebitCreditDbCrDebitCreditDbCri) Work in process inventory had a beginning balance of $25,000 in January. Calculate the endingbalance of work in process inventory at the end of JanuaryCalculations:

Inventory- It is the amount of those units which is not sold yet by the entity or the units which…

e) Actual overhead costs for the month mount to $42000. Overhead costs has not been paid in cash yet, will be paid later. Debit Credit Db Cr f) Overhead is applied to jobs at a rate of 120% direct labor cost Calculations: Debit Credit Db Cr g) Jobs with total accumulated costs of $105000 were completed during the month Debit Credit Db Cr h) During January, 50 units costing $25 per unit were sold on account for selling price of $35 per unit. Calculations: Debit Credit Db Cr Debit Credit Db Cr i) Work in process inventory had a beginning balance of $25,000 in January. Calculate the ending balance of work in process inventory at the end of January wwww Calculations:

e) Actual overhead costs for the month mount to $42000. Overhead costs has not been paid in cash yet, will be paid later. Debit Credit Db Cr f) Overhead is applied to jobs at a rate of 120% direct labor cost Calculations: Debit Credit Db Cr g) Jobs with total accumulated costs of $105000 were completed during the month Debit Credit Db Cr h) During January, 50 units costing $25 per unit were sold on account for selling price of $35 per unit. Calculations: Debit Credit Db Cr Debit Credit Db Cr i) Work in process inventory had a beginning balance of $25,000 in January. Calculate the ending balance of work in process inventory at the end of January wwww Calculations:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3PB: Event Forms expects $120,000 in overhead during the next year. It doesn't know whether it should...

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Similar questions

Event Forms expects $120,000 in overhead during the next year. It doesn't know whether it should apply overhead on the basis of its anticipated direct labor hours of 6,000 or its expected machine hours of 5,000. What would be the product cost under each predetermined allocation rate if the last job incurred $3,500 in direct material cost, 55 direct labor hours, and 55 machine hours? Wages are paid at $17 per hour.
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2. The following information relates to the manufacturing operations of Delicious Co. during the month of January. The company uses job order costing. Please do the following journal entries. a) Purchases of direct materials on account during the month amount to $45000 Debit Credit Db Cr www b) Materials used by the Production Department during the month total $40000 Debit Credit Db Cr c) Time cards of direct workers show 1200 hours worked on various jobs during the month for $20 per hour Calculations: Debit Credit Db Cr d) Direct workers were paid $20000 in January Debit Credit Db Cr