Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,800 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 50,000 25,400 75,400 10,420 $ 85,820 c. Time tickets show the following labor used for the month. Job 201 $ 41,000 Job 202 14,400 Total direct labor 55,400 26,000 $ 81,400 Indirect labor Total labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $169,160 on credit. g. Incurred the following actual' other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) $ 33,800 680 Expired factory insurance 980 4,800 Total other factory overhead costs $ 40,260 Exercise 19-7 (Algo) Recording materials, labor, overhead, and sales LO P1, P2, P3 Prepare journal entries to record the transactions reflected in items a through g.

Create Journal Entries with the following information Hardigree Corporation uses a job-order costing system. The following data relate to thejust completed month's operations   Beginning balance in Work in Process $ 36,000(1) Raw materials purchased on account $207,000(2) Direct materials requisitioned for use in production $161,000(3) Indirect materials requisitioned for use in production $ 42,000(4) Direct labor wages incurred $ 87,000(5) Indirect labor wages incurred $101,000(6) Depreciation recorded on factory equipment $ 42,000(7) Additional manufacturing overhead costs incurred $ 57,000(8) Manufacturing overhead costs applied to jobs $219,000(9) Cost of jobs completed and transferred from Work inProcess to Finished Goods$403,000 Please dont provide solution image based thanks

Required information [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Direct materials. Direct labor Overhead applied Job 5 $ 15,800 8,800 4,400 Job 6 $33,400 15,000 7,500 Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $6,400; direct labor, $2,200; and applied overhead, $1,300. Job 5 was finished in June. Predetermined overhead rate b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months. 3. What is the predetermined overhead rate? Job 7 $ 27,400 21,800 10,900 %

Cao Inc. has worked on the following jobs during the first quarter of the year. The list of each job along with the balance of the total costs incurred at the end of the quarter is provided below: Job no. Ending Balance Job No. 221 $1,350 Job No. 222 $1,270 Job No. 223 $1,580 Job No. 224 $1,690 Job No. 225 $960 During the first quarter, jobs 221, 222, and 223 were completed; jobs 221 and 223 were sold on account for $2,000 and $2,380 respectively. What would the ending balance of the Work-in-process inventory account be? Group of answer choices $2,650 $2,930 $1,270 $4,200

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During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 200 180 220 Units sold 180 $ 990 Materials requisitioned Direct labor hours S1,560 $2,400 220 200 400 Direct labor cost S3,000 $3,000 S3,300 Overhead is assigned on the basis of direct labor hours at a rate of $8.40 per direct labor hour. During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory. Job 79 was sold by the end of the month. Job 80 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 78 and 79. 2. Compute the ending balance in the work-in-process inventory account. 3. Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79. The selling price is 140 percent of cost.

On April 1, two jobs were in process at Hartwell Contracting. Details of the jobs follow: Job Number HC-34 HC-37 Direct Materials $4,560 3,460 Direct Labor $ 1,960 6,160 The Materials Inventory account on April 1 totaled $8,260. Materials purchased during the month totaled $18,000. Indirect materials of $1,900 were issued from materials inventory. On April 1, finished goods inventory consisted of two jobs: HC-32, costing $7,140, and HC- 35, with a cost of $3,960. Costs for both jobs were transferred to Cost of Services Billed during the month. Also during April, Jobs HC-34 and HC-37 were completed. Completing Job HC-34 required an additional $5,260 in direct labor. The completion costs for Job HC-37 included $3,560 in direct materials and $10,860 in direct labor. Hartwell Contracting used a total of $9,260 of direct materials (excluding the $1,900 indirect materials) during the month and $25,960 in total direct labor costs. Overhead has been estimated at 75 percent of direct labor…

The following data summarize the operations during the year. A. Purchase of raw materials on account. $3,000 B. Raw materials used by Job 1. $500 C. Raw materials used as indirect materials. $100 D. Direct labor for Job 1. $300 E. Indirect labor incurred. $60 F. Factory utilities incurred on account. $750 G. Adjusting entry for factory depreciation. $200 H. Manufacturing overhead applied as % of direct labor. 200% I. Job 1 is transferred to finished goods. J. Job 1 is sold. $2,900 K. Manufacturing overhead is overapplied. $120 Prepare a journal entry for each transaction. If an amount box does not require an entry, leave it blank. A. Raw Materials Inventory 3,000 Accounts Payable 3,000 B. Work in Process Inventory 500 Raw Materials Inventory 500 C. Manufacturing Overhead 100 Raw Materials Inventory 100

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Journalize the entries for the following transactions: March 10: 600 units of raw materials were purchased on account at $6.00 per unit. March 15: 500 units of raw materials were requisitioned at $6.50 per unit for production, Job 872. March 25: 400 units of raw materials were requisitioned at $6.00 per unit for production, Job 879. If an amount box does not require an entry, leave it blank.   Date Account Debit Credit March 10               March 15               March 25