ventories Raw materials Work in process Finished goods ctivities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials $43,000 $ 52,000 10,200 21,300 63,000 35,600 210,000 345,000 15,000
ventories Raw materials Work in process Finished goods ctivities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials $43,000 $ 52,000 10,200 21,300 63,000 35,600 210,000 345,000 15,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
don't give answer in image format
![Inventories
Raw materials
Work in process
Finished goods
Activities and information for May
Raw materials purchases (paid with cash)
Factory payroll (paid with cash)
Factory overhead
Indirect materials
Indirect labor
Other overhead costs
Sales (received in cash)
Predetermined overhead rate based on direct labor cost
rev: 06_09_2015_QC_CS-17114
April 30
May 31
$43,000 $ 52,000
21,300
35,600
10,200
63,000
210,000
345,000
15,000
80,000
120,000
1,400,000
70%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F370bf8b5-86b2-4fbf-a926-2c4c73e93a48%2F41fe2588-c4bc-454e-aa54-8bd3f8edb5e8%2Fedc78j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Inventories
Raw materials
Work in process
Finished goods
Activities and information for May
Raw materials purchases (paid with cash)
Factory payroll (paid with cash)
Factory overhead
Indirect materials
Indirect labor
Other overhead costs
Sales (received in cash)
Predetermined overhead rate based on direct labor cost
rev: 06_09_2015_QC_CS-17114
April 30
May 31
$43,000 $ 52,000
21,300
35,600
10,200
63,000
210,000
345,000
15,000
80,000
120,000
1,400,000
70%
![1. Incurred other overhead costs (record credit to Other Accounts).
2. Application of overhead to work in process.
Prepare journal entries for the above transactions for the month of May.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F370bf8b5-86b2-4fbf-a926-2c4c73e93a48%2F41fe2588-c4bc-454e-aa54-8bd3f8edb5e8%2F8sntza5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Incurred other overhead costs (record credit to Other Accounts).
2. Application of overhead to work in process.
Prepare journal entries for the above transactions for the month of May.
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