transactions occurred in October: a. Raw materials purchased on account, $ 209,000. b. Raw materials used in production, $190,000 ($152, 000 direct materials and $38,000 indirect materials). c. Accrued direct labor cost of $ 49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $105, 000. e. Other manufacturing overhead costs accrued during October, $129,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $7 per machine - hour. A total of 76, 300 machine - hours were used in October. g. Jobs costing $513,000 were completed and transferred to Finished Goods. h. Jobs costing $452,000 were shipped to customers. These jobs were sold on account at 24% above cost. Required: Prepare journal entries to record the transactions given above. Prepare T - accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming Work in Process has a beginning balance of $36,000. Required 1 Prepare T - accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming Work in Process has a beginning balance of $36,000.

Cost of Direct Materials Used in Production for a Manufacturing Company Walker Manufacturing Company reported the following materials data for the month ending June 30: Materials purchased Materials inventory, June 1 Materials inventory, June 30 $207,500 65,500 54,600 Determine the cost of direct materials used in production by Walker during the month ended June 30. $

Raw Materials Used: $84,404 Direct Labor: $143,978 Manufacturing Overhead Incurred: $324,608 Work-in-Process inventory, Jan 1: $53,982 Work-in-Process inventory, Dec 31: $75,011 Finished Goods inventory, Jan 1: $181,914 Finished Goods inventory, Dec 31: $147,712 What is Cost of Goods Manufactured for the year?

Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $96,000. b. Direct materials used, $41,000. Indirect materials used, $18,600. c. Direct labor used, $32,000. Indirect labor used, $8,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $8,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $60,000. g. Sales of jobs on credit was $85,000. h. Cost of jobs sold was $60,000. View transaction list Journal entry worksheet

Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $151,500   $128,780   Work in process 101,510   86,280   Finished goods 77,270   86,280   Direct labor $272,700 Materials purchased during January 290,880 Factory overhead incurred during January:     Indirect labor 29,090   Machinery depreciation 17,570   Heat, light, and power 6,060   Supplies 4,850   Property taxes 4,240   Miscellaneous costs 7,880 a.  Prepare a cost of goods manufactured statement for January. Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31       $fill in the blank 9dc536060f91fdb_2 Direct materials:         $fill in the blank 9dc536060f91fdb_4       fill in the blank 9dc536060f91fdb_6       $fill in the blank 9dc536060f91fdb_8       fill in the blank…

Selected data for Lemon​ Grass, Inc. for the year are provided​ below:   Factory Utilities $2,100 Indirect Materials Used 32,500 Direct Materials Used 309,000 Property Taxes on Factory Building 5,400 Sales Commissions 83,000 Indirect Labor Incurred 20,000 Direct Labor Incurred 145,000 Depreciation on Factory Equipment 6,800   What is the total manufacturing​ overhead?   A. $52,500   B. $14,300   C. $454,000   D.

Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):   Selling expenses $ 212,000 Purchases of raw materials $ 270,000 Direct labor ? Administrative expenses $ 152,000 Manufacturing overhead applied to work in process $ 376,000 Actual manufacturing overhead cost $ 358,000   Inventory balances at the beginning and end of the year were as follows:     Beginning Ending Raw materials $ 51,000 $ 32,000 Work in process ? $ 32,000 Finished goods $ 31,000 ?   The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $745,000; the unadjusted cost of goods sold totaled $666,000; and the net operating income was $39,000. The company’s underapplied or overapplied overhead is closed to Cost of Goods Sold.   Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement.

The following data pertain to Babor Company for the fiscal year ended December 31: Prior December 31 Current December 31 Purchases of materials $ 165,000 Direct labor 114, 000 Indirect labor 45,000 Factory insurance 8,000 Depreciation-factory 33,000 Repairs and maintenance-factory 11,000 Marketing expenses 144,000 General and administrative expenses 86,000 Materials inventory $ 23,000 55,000 Work - in - Process inventory 13, 000 16,000 Finished Goods inventory 17,000 24,000 Sales in the current year were $625,000. Required: Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company.

#5-26 During May, the following transactions were completed and reported by Jerico Company: Materials purchased on account, $60,100. Materials issued to production to fill job-order requisitions: direct materials, $50,000; indirect materials, $8,800. Payroll for the month: direct labor, $75,000; indirect labor, $36,000; administrative, $28,000; sales, $19,000. Depreciation on factory plant and equipment, $10,400. Property taxes on the factory accrued during the month, $1,450. Insurance on the factory expired with a credit to the prepaid insurance account, $6,200. Factory utilities, $5,500. Advertising paid with cash, $7,900. Depreciation on office equipment, $800; on sales vehicles, $1,650. Legal fees incurred but not yet paid for preparation of lease agreements, $750. Overhead is charged to production at a rate of $18 per direct labor hour. Records show 4,000 direct labor hours were worked during the month. Cost of jobs completed during the month, $160,000.…

The following costs were incurred by ABC Company in January: Direct materials Direct labor Manufacturing overhead Selling expense Administrative salaries Determine ABC's total product cost. Oa. $272,000 Ob. $282,000 Oc. $252,000 Od. $302,000 $100,000 79,000 73,000 25,000 5,000