During the current month, Sandhill Company incurs the following manufacturing costs. (a) Purchased raw materials of $22,400 on account. (b) Incurred factory labor of $48,000. (c) Factory utilities of $3,440 are payable, prepaid factory insurance of $3,160 have expired, and depreciation on the factory building is $11,600. Prepare journal entries for each type of manufacturing cost. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Debit Credit (b) (Purchases of raw materials on account) (c) (To record factory labor costs) (To record overhead costs)
During the current month, Sandhill Company incurs the following manufacturing costs. (a) Purchased raw materials of $22,400 on account. (b) Incurred factory labor of $48,000. (c) Factory utilities of $3,440 are payable, prepaid factory insurance of $3,160 have expired, and depreciation on the factory building is $11,600. Prepare journal entries for each type of manufacturing cost. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Debit Credit (b) (Purchases of raw materials on account) (c) (To record factory labor costs) (To record overhead costs)
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 15E: The books of Petry Products Co. revealed that the following general journal entry had been made at...
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