Total factory labor costs related to factory workers for Sheridan Company during the month of January are $82,800. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributable to indirect labor. (a) (b) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the January 31 entry to record the factory labor costs for the month of January. Prepare the January 31 entry to assign factory labor to production. No. Date (a) (b) Jan. 31 Jan. 31 Account Titles and Explanation Factory Labor Factory Wages Payable Work in Process Inventory Manufacturing Overhead Factory Labor Debit 66240.00 16560.00 Credit BODO 66240.00 16560.00

Total factory labor costs related to factory workers for Sheridan Company during the month of January are $82,800. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributable to indirect labor. (a) (b) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the January 31 entry to record the factory labor costs for the month of January. Prepare the January 31 entry to assign factory labor to production. No. Date (a) (b) Jan. 31 Jan. 31 Account Titles and Explanation Factory Labor Factory Wages Payable Work in Process Inventory Manufacturing Overhead Factory Labor Debit 66240.00 16560.00 Credit BODO 66240.00 16560.00

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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Subject :- Accounting
Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance.
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