On November 2, Newsprint Manufacturing purchases 5 rolls of paper on account at $125 per roll for use within the production process. On November 5, 4 rolls of this paper are issued to Job 157A in the Printing Department. The Printing Department applies $675 in direct labor and $1,150 of factory overhead to Job 157A. On November 8, Printing transfers Job 157A to the Folding Department. The Folding Department applies $450 in direct labor and $655 in factory overhead to Job 157A. Job 157A is transferred to Finished Goods inventory on November 9. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the purchase of the paper. Nov. 2 fill in the blank 25f274088fc5f83_2 fill in the blank 25f274088fc5f83_3 fill in the blank 25f274088fc5f83_5 fill in the blank 25f274088fc5f83_6 b. Journalize the entries to record (1) the transfer of raw materials to work in process, (2) the application of direct labor, and (3) the application of manufacturing overhead to Job 157A while in the Printing Department. 1. fill in the blank f40cdffdffcafbb_2 fill in the blank f40cdffdffcafbb_3 fill in the blank f40cdffdffcafbb_5 fill in the blank f40cdffdffcafbb_6 2. fill in the blank f40cdffdffcafbb_8 fill in the blank f40cdffdffcafbb_9 fill in the blank f40cdffdffcafbb_11 fill in the blank f40cdffdffcafbb_12 3. fill in the blank f40cdffdffcafbb_14 fill in the blank f40cdffdffcafbb_15 fill in the blank f40cdffdffcafbb_17 fill in the blank f40cdffdffcafbb_18 c. Journalize the entry to record the transfer of Job 157A to the Folding Department at actual cost. Nov. 8 fill in the blank 3b5a11fe6009014_2 fill in the blank 3b5a11fe6009014_3 fill in the blank 3b5a11fe6009014_5 fill in the blank 3b5a11fe6009014_6 d. Journalize the entries to record (1) the application of direct labor and (2) the application of manufacturing overhead to Job 157A while in the Folding Department. 1. fill in the blank 883ef9036f8e046_2 fill in the blank 883ef9036f8e046_3 fill in the blank 883ef9036f8e046_5 fill in the blank 883ef9036f8e046_6 2. fill in the blank 883ef9036f8e046_8 fill in the blank 883ef9036f8e046_9 fill in the blank 883ef9036f8e046_11 fill in the blank 883ef9036f8e046_12 e. Journalize the entry to record the transfer of Job 157A to Finished Goods Inventory at actual cost. Nov. 9 fill in the blank c288cdfc6024ff0_2 fill in the blank c288cdfc6024ff0_3 fill in the blank c288cdfc6024ff0_5 fill in the blank c288cdfc6024ff0_6

On November 2, Newsprint Manufacturing purchases 5 rolls of paper on account at $125 per roll for use within the production process. On November 5, 4 rolls of this paper are issued to Job 157A in the Printing Department. The Printing Department applies $675 in direct labor and $1,150 of factory overhead to Job 157A. On November 8, Printing transfers Job 157A to the Folding Department. The Folding Department applies $450 in direct labor and $655 in factory overhead to Job 157A. Job 157A is transferred to Finished Goods inventory on November 9. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the purchase of the paper. Nov. 2 fill in the blank 25f274088fc5f83_2 fill in the blank 25f274088fc5f83_3 fill in the blank 25f274088fc5f83_5 fill in the blank 25f274088fc5f83_6 b. Journalize the entries to record (1) the transfer of raw materials to work in process, (2) the application of direct labor, and (3) the application of manufacturing overhead to Job 157A while in the Printing Department. 1. fill in the blank f40cdffdffcafbb_2 fill in the blank f40cdffdffcafbb_3 fill in the blank f40cdffdffcafbb_5 fill in the blank f40cdffdffcafbb_6 2. fill in the blank f40cdffdffcafbb_8 fill in the blank f40cdffdffcafbb_9 fill in the blank f40cdffdffcafbb_11 fill in the blank f40cdffdffcafbb_12 3. fill in the blank f40cdffdffcafbb_14 fill in the blank f40cdffdffcafbb_15 fill in the blank f40cdffdffcafbb_17 fill in the blank f40cdffdffcafbb_18 c. Journalize the entry to record the transfer of Job 157A to the Folding Department at actual cost. Nov. 8 fill in the blank 3b5a11fe6009014_2 fill in the blank 3b5a11fe6009014_3 fill in the blank 3b5a11fe6009014_5 fill in the blank 3b5a11fe6009014_6 d. Journalize the entries to record (1) the application of direct labor and (2) the application of manufacturing overhead to Job 157A while in the Folding Department. 1. fill in the blank 883ef9036f8e046_2 fill in the blank 883ef9036f8e046_3 fill in the blank 883ef9036f8e046_5 fill in the blank 883ef9036f8e046_6 2. fill in the blank 883ef9036f8e046_8 fill in the blank 883ef9036f8e046_9 fill in the blank 883ef9036f8e046_11 fill in the blank 883ef9036f8e046_12 e. Journalize the entry to record the transfer of Job 157A to Finished Goods Inventory at actual cost. Nov. 9 fill in the blank c288cdfc6024ff0_2 fill in the blank c288cdfc6024ff0_3 fill in the blank c288cdfc6024ff0_5 fill in the blank c288cdfc6024ff0_6

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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Question

If an amount box does not require an entry, leave it blank.

a. Journalize the entry to record the purchase of the paper.

Nov. 2		fill in the blank 25f274088fc5f83_2	fill in the blank 25f274088fc5f83_3
		fill in the blank 25f274088fc5f83_5	fill in the blank 25f274088fc5f83_6

b. Journalize the entries to record (1) the transfer of raw materials to work in process, (2) the application of direct labor, and (3) the application of manufacturing overhead to Job 157A while in the Printing Department.

1.	fill in the blank f40cdffdffcafbb_2	fill in the blank f40cdffdffcafbb_3
	fill in the blank f40cdffdffcafbb_5	fill in the blank f40cdffdffcafbb_6
2.	fill in the blank f40cdffdffcafbb_8	fill in the blank f40cdffdffcafbb_9
	fill in the blank f40cdffdffcafbb_11	fill in the blank f40cdffdffcafbb_12
3.	fill in the blank f40cdffdffcafbb_14	fill in the blank f40cdffdffcafbb_15
	fill in the blank f40cdffdffcafbb_17	fill in the blank f40cdffdffcafbb_18

c. Journalize the entry to record the transfer of Job 157A to the Folding Department at actual cost.

Nov. 8		fill in the blank 3b5a11fe6009014_2	fill in the blank 3b5a11fe6009014_3
		fill in the blank 3b5a11fe6009014_5	fill in the blank 3b5a11fe6009014_6

d. Journalize the entries to record (1) the application of direct labor and (2) the application of manufacturing overhead to Job 157A while in the Folding Department.

1.	fill in the blank 883ef9036f8e046_2	fill in the blank 883ef9036f8e046_3
	fill in the blank 883ef9036f8e046_5	fill in the blank 883ef9036f8e046_6
2.	fill in the blank 883ef9036f8e046_8	fill in the blank 883ef9036f8e046_9
	fill in the blank 883ef9036f8e046_11	fill in the blank 883ef9036f8e046_12

e. Journalize the entry to record the transfer of Job 157A to Finished Goods Inventory at actual cost.

Nov. 9		fill in the blank c288cdfc6024ff0_2	fill in the blank c288cdfc6024ff0_3
		fill in the blank c288cdfc6024ff0_5	fill in the blank c288cdfc6024ff0_6

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