Journal entry worksheet < 1 2 3 Date April 30 b. Record the direct materials used. Note: Enter debits before credits. 4 5 6 Account Title 7 8 ... 11 Debit Credit
Journal entry worksheet < 1 2 3 Date April 30 b. Record the direct materials used. Note: Enter debits before credits. 4 5 6 Account Title 7 8 ... 11 Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Record the direct materials used.
Transcribed Image Text:2
View transaction list
W
Journal entry worksheet
<
here to search
1
b. Record the direct materials used.
Note: Enter debits before credits.
Date
April 30
2
Record entry
#
3
E
3
F3
Si
$
4
4
R
Account Title
1x
5
Clear entry
F4
%
5
6
T
7
< Requirement
Prev
A
6
1
8
Debit
Y
1 of 1
F6
11
Credit
View general journal
General Ledger >
&
7
PrtScn
F7
U
Next >
>
Home
8
F8
Earnings upcom
End
F9
Transcribed Image Text:k
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ences
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F1
GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4
Kelley Company shows the following costs for three jobs worked on in April.
2
W
Balances on March 31
Direct materials (in March)
Direct labor (in March)
Applied overhead (March)
Costs during April
e here to search
S
Direct materials.
Direct labor
Applied overhead
Status on April 30
Requirement
X
F2
#
General
Ledger
Prepare journal entries for the month of April's transactions.
3
Additional Information
a. Raw Materials Inventory has a March 31 balance of $85,000.
b. Raw materials purchases in April are $502,000, and total factory payroll cost in April is $374,000.
c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $24,000; factory rent, $33,000; factory utilities,
$20,000; and factory equipment depreciation, $53,000.
d. Predetermined overhead rate is 50% of direct labor cost.
e. Job 306 is sold for $610,000 cash in April.
E
General
Journal
D
Complete this question by entering your answers in the tabs below.
Ei
F3
C
$
4
HH
R
Job 306
F
$ 31,000
22,000
11,000
137,000
89,000
?
Finished
(sold)
%
5
V
Trial Balance
t
2007
T
Job 307
G
$ 38,000
19,000
9,500
Finished
(unsold)
223,000
155,000
?
6
Job Costs
Prev
Y
B
1 of 1
Job 308
F6
$ 101,000
106,000
?
In process.
Cost of Goods
Mfg
H
#
PrtScn
&
7
Next >
F7
Gross Profit
U
N
J
Home
8
FB
Earnings upcoming
End
(
M
9
K
F9
O
PgUp
)
0
F10
L
P
Po
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