Question: As the bookkeeper of Knight Manufacturing you are to record

As the bookkeeper of Knight Manufacturing, you are to record the following transactions in the general journal for the month of November:
a. Raw materials of $72,000 were issued from the storeroom.
b. Charged $62,000 of direct labor to production.
c. Supplies costing $7,600 were issued from the storeroom.
d. Incurred indirect labor costs of $15,000.
e. The following expenses were charged to overhead: rent, $3,400; supervision, $7,400; depreciation, $3,600; electricity, $6,400.
f. Overhead was applied at 90% of direct labor dollars.
g. Transferred completed products costing $155,000 to finished goods.
h. Sold products costing $196,000.



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  • CreatedApril 24, 2014
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