Question

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 $84,000 were issued from the storeroom.
b. Charged $56,000 of direct labor to production.
c. Supplies costing $6,800 were issued from the storeroom.
d. Incurred indirect labor costs of $14,000.
e. The following expenses were charged to overhead: rent $3,100; supervision, $7,600; depreciation, $3,800; electricity, $6,700.
f. Overhead was applied at 80% of direct labor dollars.
g. Transferred completed products costing $150,000 to finished goods.
h. Sold products costing $196,000.



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  • CreatedApril 24, 2014
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