Problem 19-2A a b C d e f g1 g2 Correct Materials Correct Accounts Payable Correct Work in Process Correct Factory Overhead Correct Correct Materials Wages Payable Correct Factory Overhead Correct Accounts Payable Correct Factory Overhead Correct Accumulated Depreciation Correct Work in Process Correct Factory Overhead Correct Finished Goods Correct Work in Process Correct Accounts Receivable Correct Sales Correct Cost of Goods Sold Correct Finished Goods 6,470 1,790 19,760 39,200 60,020 28,810 Insert the appropriate amount. 32,450 6,470 1,790 19,760 39,200 60,020 28,810

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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please fill in the missing answers to 19-2A. Thank you

Problem 19-2A
a
b
C
d
e
f
g1
g2
Correct Materials
Correct
Accounts Payable
Correct Work in Process
Correct Factory Overhead
Correct
Correct
Materials
Wages Payable
Correct Factory Overhead
Correct Accounts Payable
Correct Factory Overhead
Correct Accumulated Depreciation
Correct Work in Process
Correct
Factory Overhead
Correct Finished Goods
Correct
Work in Process
Correct Accounts Receivable
Correct Sales
Correct
Cost of Goods Sold
Correct Finished Goods
6,470
1,790
19,760
39,200
60,020
28,810
Insert the
appropriate
amount.
32,450
6,470
1,790
19,760
39,200
60,020
28,810
Transcribed Image Text:Problem 19-2A a b C d e f g1 g2 Correct Materials Correct Accounts Payable Correct Work in Process Correct Factory Overhead Correct Correct Materials Wages Payable Correct Factory Overhead Correct Accounts Payable Correct Factory Overhead Correct Accumulated Depreciation Correct Work in Process Correct Factory Overhead Correct Finished Goods Correct Work in Process Correct Accounts Receivable Correct Sales Correct Cost of Goods Sold Correct Finished Goods 6,470 1,790 19,760 39,200 60,020 28,810 Insert the appropriate amount. 32,450 6,470 1,790 19,760 39,200 60,020 28,810
PR19-2A Entries and schedules for unfinished jobs and completed jobs.
Kaymer Industries, Inc. uses a job order cost system. The following data summarize the
operations related to production for January, the first month of operations:
a. Materials purchased on account, $33,100.
b. Materials requisitioned and factory labor used:
Job
301
302
303
304
305
306
For general factory use
Materials
$2,740
3,980
2,570
8.850
6,210
4,290
1,200
Job
301
302
303
304
305
306
Total
$5,460
2,930
3,070
8,520
1,840
6,110
4,520
c. Factory overhead costs incurred on account, $6,470.
d. Depreciation of factory machinery and equipment, $1,790.
e. The factory overhead rate is $65 per machine hour. Machine hours used:
Machine Hours
52
28
44
65
36
79
304
Factory Labor
f. Jobs completed: 301, 302, 303, and 305.
g. Jobs were shipped and customers were billed as follows: Job 301, $23,450; Job 302,
$19,210; Job 303, $17,360.
Instructions
Journalize the entries to record the summarized operations.
Transcribed Image Text:PR19-2A Entries and schedules for unfinished jobs and completed jobs. Kaymer Industries, Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $33,100. b. Materials requisitioned and factory labor used: Job 301 302 303 304 305 306 For general factory use Materials $2,740 3,980 2,570 8.850 6,210 4,290 1,200 Job 301 302 303 304 305 306 Total $5,460 2,930 3,070 8,520 1,840 6,110 4,520 c. Factory overhead costs incurred on account, $6,470. d. Depreciation of factory machinery and equipment, $1,790. e. The factory overhead rate is $65 per machine hour. Machine hours used: Machine Hours 52 28 44 65 36 79 304 Factory Labor f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $23,450; Job 302, $19,210; Job 303, $17,360. Instructions Journalize the entries to record the summarized operations.
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