Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 103 Plastic 400 $27,210 104 Steel 402 35,640 105 Glue Indirect 2,080 106 Rubber 403 3,960 107 Titanium 404 87,170 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead v Materials v

Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 103 Plastic 400 $27,210 104 Steel 402 35,640 105 Glue Indirect 2,080 106 Rubber 403 3,960 107 Titanium 404 87,170 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead v Materials v

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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Entries for Materials GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric Polyester filling Lumber Glue The materials purchased during June are summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue Job 601 $40,500 28,600 62,400 6,550 Materials were requisitioned to individual jobs as follows: Job 602 Job 603 $440,000 180,000 360,000 40,000 Fabric $205,000 110,000 130,000 Polyester Filling Lumber $75,000 $120,000 36,000 88,000 55,000 125,000 Glue Total $400,000 234,000 310,000
Raw materials requisitioned by production for job No.106 consist of Direct Materials $7,000 and Indirect Materials $1,000. The entry to record this transaction is: * A debit to Work in Process $7,000, a debit to Manufacturing Overhead $1,000 and a credit to Raw Material Inventory $8,000 A debit to Work in Process $6,000, a debit to Manufacturing Overhead $1,000 and a credit to Raw Material Inventory $7,000 A debit to Work in Process $7,000, a credit to Manufacturing Overhead $1,000 and a credit to Raw Material Inventory $6,000 O None of the above
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 Direct materials Direct labor Factory overhead Jobs finished during January are summarized as follows: Job 210 $69,290 Job 224 $80,830 42,340 Job 230 142,420 Job 216 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank. Finished Goods Work in Process $17,100 139,020 149,970 78,830 Feedback LA Check My Work a. Move the cost of completed jobs out of work in process and into finished goods. b. Determine the cost of the unfinished jobs at January 31.
services SQU Libraries SQU Portal Attendance English (en O b. OMR605 O c. OMR545 O d. OMR635 O e. OMR575 XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 100 direct labor hours, is: Select one: Oa. OMR5,400 Ob. OMR3,300 Oc. OMR3,150 Od. None of the answers given e. OMR9,900 Total manutacturing costs assioned inclucted 10 units heom ofs tota mana
A summary of the time tickets for the current month follows: Job No. Amount 100 $7,800 101 11,900 104 27,100 108 18,600 Indirect 8,500 111 4,400 115 3,200 117 15,800 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. blank - Select - - Select - - Select - - Select - - Select - - Select -
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Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $3,350 2,780 5,090 5,800 17,860 3,540 2,320 15,720 101 104 108 Indirect 111 115 117 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
Entry for issuing materials Materials issued for the current month are as follow? Journalize the entry to record the issuance of materials.
Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 103 Plastic 400 $27,480 104 Steel 402 39,040 105 Glue Indirect 2,330 106 Rubber 403 3,660 107 Titanium 404 88,880 Journalize the entry to record the issuance of materials. For a compound transaction, if an amount box does not require an entry, leave it blank.
Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 $89,380 202 Plastic 503 25,330 203 Rubber 504 3,950 204 Glue Indirect 2,400 205 Steel 510 36,960 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. Work in Process Materials Finished Goods Factory Overhead Cash
Please answer all subparts as I cant post last subpart separately as it is interlinked please I will be grateful of you and I will also upvote Also don't give images in answers thanku