Prepare Journal entries to record transactions a through n. a. Raw materials purchased on credi, $110.000 b. Direct materials used, 544,500 Indirect materials used $20,000. c. Direct laborused, $32,000. Indirect labor used, $8,000. (Record using Factory Wages Payable.) d. Pald cash for other actual overhead costs, $8,875. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $/2,000. g. Sales of jobs on credit was $103,000. h. Cost of jobs said was $72,000. 1 Record raw materials purchased on account. 2 Record the entry to assign costs of direct materials used. 3 Record the entry for indirect materials. 4 Record the entry for direct labor used. 5 Record the entry for indirect labor used. 6 Record other actual factory overhead costs. 7 Record the entry to apply overhead at a rate of 125% of direct labor cost.

Prepare Journal entries to record transactions a through n. a. Raw materials purchased on credi, $110.000 b. Direct materials used, 544,500 Indirect materials used $20,000. c. Direct laborused, $32,000. Indirect labor used, $8,000. (Record using Factory Wages Payable.) d. Pald cash for other actual overhead costs, $8,875. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $/2,000. g. Sales of jobs on credit was $103,000. h. Cost of jobs said was $72,000. 1 Record raw materials purchased on account. 2 Record the entry to assign costs of direct materials used. 3 Record the entry for indirect materials. 4 Record the entry for direct labor used. 5 Record the entry for indirect labor used. 6 Record other actual factory overhead costs. 7 Record the entry to apply overhead at a rate of 125% of direct labor cost.

Name: Please dont provide solution image based thnx 8 Record costs of jobs c
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Description: Please dont provide solution image based thnx 8 Record costs of jobs completed.9 Record the sale of jobs on account.10 Record the cost of goods sold for job. Prepare Journal entries to record transactions a througha. Raw materials purchased on credit

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 10Q: What are the sources for posting direct labor cost to (a) individual jobs in the job cost ledger and...

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How much is Work in Process-Direct Labor?
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