College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN: 9781305666160
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 26, Problem 6SEA

JOURNAL ENTRIES FOR MATERIAL, LABOR, OVERHEAD, AND SALES Micro Enterprises had the following job order transactions during the month of April. Record the transactions in the general journal, including issuance of materials, labor, and factory overhead applied; completed jobs sent to finished goods inventory; closing of the under- or overapplied factory overhead to the cost of goods sold account; and sale of finished goods.

Apr.    1 Purchased materials on account, $35,000.
    10 Issued direct materials to Job No. 33, $10,000.
    11 Issued direct materials to Job No. 34, $8,000.
    12 Issued direct materials to Job No. 35, $11,000.
    25 Incurred direct labor:
      On Job No. 33, $6,000
      On Job No. 34, $4,000
      On Job No. 35, $5,000
    25 Applied factory overhead:
      To Job No. 33, $1,500
      To Job No. 34, $1,200
      To Job No. 35, $1,600
    30 Transferred Job Nos. 33–35 to the finished goods inventory account as products F, G, and H, respectively.
    30 Sold products F, G, and H for $20,000, $16,000, and $22,000, respectively.
    30 Actual factory overhead for Job Nos. 33–35, $4,220.
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College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

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