9 3 points eBook Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $106,000. b. Direct materials used, $43,500. Indirect materials used, $19,600. c. Direct labor used, $43,000. Indirect labor used, $22,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $8,625. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $82,000. g. Sales of jobs on credit was $118,000. h. Cost of jobs sold was $82,000. Hint View transaction list Print ခ References Journal entry worksheet 1 2 3 4 4 5 6 7 8 9 10 Record raw materials purchased on account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal
9 3 points eBook Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $106,000. b. Direct materials used, $43,500. Indirect materials used, $19,600. c. Direct labor used, $43,000. Indirect labor used, $22,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $8,625. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $82,000. g. Sales of jobs on credit was $118,000. h. Cost of jobs sold was $82,000. Hint View transaction list Print ခ References Journal entry worksheet 1 2 3 4 4 5 6 7 8 9 10 Record raw materials purchased on account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![9
3
points
eBook
Prepare journal entries to record transactions a through h.
a. Raw materials purchased on credit, $106,000.
b. Direct materials used, $43,500. Indirect materials used, $19,600.
c. Direct labor used, $43,000. Indirect labor used, $22,000. (Record using Factory Wages Payable.)
d. Paid cash for other actual overhead costs, $8,625.
e. Applied overhead at the rate of 125% of direct labor cost.
f. Transferred cost of jobs completed to finished goods, $82,000.
g. Sales of jobs on credit was $118,000.
h. Cost of jobs sold was $82,000.
Hint
View transaction list
Print
ခ
References
Journal entry worksheet
1 2 3 4 4 5 6 7 8 9 10
Record raw materials purchased on account.
Note: Enter debits before credits.
Transaction
a.
General Journal
Debit
Credit
Record entry
Clear entry
View general journal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F14ccb097-f19a-4df7-8af2-3aabb2bd7721%2Fc6a8837c-8178-41bb-a474-f676ef186036%2Fhz75gd8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9
3
points
eBook
Prepare journal entries to record transactions a through h.
a. Raw materials purchased on credit, $106,000.
b. Direct materials used, $43,500. Indirect materials used, $19,600.
c. Direct labor used, $43,000. Indirect labor used, $22,000. (Record using Factory Wages Payable.)
d. Paid cash for other actual overhead costs, $8,625.
e. Applied overhead at the rate of 125% of direct labor cost.
f. Transferred cost of jobs completed to finished goods, $82,000.
g. Sales of jobs on credit was $118,000.
h. Cost of jobs sold was $82,000.
Hint
View transaction list
Print
ခ
References
Journal entry worksheet
1 2 3 4 4 5 6 7 8 9 10
Record raw materials purchased on account.
Note: Enter debits before credits.
Transaction
a.
General Journal
Debit
Credit
Record entry
Clear entry
View general journal
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