Journal entries The following is a list of manufacturing costs incurred by Orleans Products Co. during the month of July: Direct materials used Indirect materials used Direct labor employed Indirect labor employed Rent expense Utilities expense Insurance expense Depreciation expense (machinery and equipment) $21,000 5,000 15,000 3,000 4,000 1,200 500 1,500 000 Prepare the journal entries to record the preceding information and to transfer Factory Overhead to Work in Process.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Journal entries
The following is a list of manufacturing costs incurred by Orleans
Products Co. during the month of July:
Direct materials used
Indirect materials used
Direct labor employed
Indirect labor employed
Rent expense
Utilities expense
Insurance expense
Depreciation expense (machinery and equipment)
$21,000
5,000
15,000
3,000
4,000
1,200
500
1,500
2000
Prepare the journal entries to record the preceding information
and to transfer Factory Overhead to Work in Process.
20
porting: total and unit cost
Transcribed Image Text:Journal entries The following is a list of manufacturing costs incurred by Orleans Products Co. during the month of July: Direct materials used Indirect materials used Direct labor employed Indirect labor employed Rent expense Utilities expense Insurance expense Depreciation expense (machinery and equipment) $21,000 5,000 15,000 3,000 4,000 1,200 500 1,500 2000 Prepare the journal entries to record the preceding information and to transfer Factory Overhead to Work in Process. 20 porting: total and unit cost
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