During the current month, Sunland Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,200 on account. (b) Incurred factory labor of $37,600. (c) Factory utilities of $2,790 are payable, prepaid factory insurance of $2,510 have expired, and depreciation on the factory building is $9,000. 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.)

During the current month, Sunland Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,200 on account. (b) Incurred factory labor of $37,600. (c) Factory utilities of $2,790 are payable, prepaid factory insurance of $2,510 have expired, and depreciation on the factory building is $9,000. 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.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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