Journalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,790. b. Incurred manufacturing wages of $10,600, of which 60% was for direct labor and 40% of which was for indirect labor. c. Purchased raw materials on account, $18,370. d. Used in production: direct materials, $8,040; indirect materials $3,650. e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,370; plant property tax, $3,750 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $36,960. h. Sold inventory on account, $25,690; cost of goods sold, $11,380. i. Adjusted for overallocated or underallocated overhead.
Journalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,790. b. Incurred manufacturing wages of $10,600, of which 60% was for direct labor and 40% of which was for indirect labor. c. Purchased raw materials on account, $18,370. d. Used in production: direct materials, $8,040; indirect materials $3,650. e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,370; plant property tax, $3,750 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $36,960. h. Sold inventory on account, $25,690; cost of goods sold, $11,380. i. Adjusted for overallocated or underallocated overhead.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Journalize the following transactions for Becah's Bakery:
Becah's Bakery
a. Incurred and paid Website expenses, $2,790. |
---|
b. Incurred manufacturing wages of $10,600, of which 60% was for direct labor and 40% of which was for indirect labor. |
c. Purchased raw materials on account, $18,370. |
d. Used in production: direct materials, $8,040; indirect materials $3,650. |
e. Recorded manufacturing |
f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. |
g. Completed production on |
h. Sold inventory on account, $25,690; cost of goods sold, $11,380. |
i. Adjusted for overallocated or underallocated overhead. |

Transcribed Image Text:Date
a.
b.
C.
d.
e.
f.
g.
h.
h.
i.
Website Expense
Cash
Work-in-Process
✓
Manufacturing Overhead
Wages Payable
✓
Description
Raw Materials Inventory
Accounts Payable
Work-in-Process
Manufacturing Overhead
Raw Materials Inventory
Manufacturing Overhead
Accumulated Depreciation-Plant ✓
Prepaid Insurance
Property Tax Payable
Work-in-Process
✓
Manufacturing Overhead
Finished Goods Inventory
Work-in-Process
Accounts Receivable
✓
Sales Revenue
Cost of Goods Sold
Finished Goods Inventory
Cost of Goods Sold
Manufacturing Overhead
Manufacturing Overhead
4,240✔
14,628 ✔
3,650✔
19,530 ✓
27,420 X
12,792 X
27,420 X
V
Debit
2,790✔
6,360✔
4,240 ✓
18,370 ✓
8,040 ✓
3,650 ✓
19,530✓
14,628✓
36,960✔
25,690✔
11,380✓
12,792✔
Credit
2,790 ✓
10,600✓✔
18,370✓✔
11,690✓
14,410
1,370✓
3,750 ✓
14,628 ✔
36,960✔
25,690 ✓
11,380✔
12,792 ✓
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