Question

Journalize the following transactions for Judy’s Sofas:
a. Incurred and paid website expenses, $ 2,900.
b. Incurred manufacturing wages of $ 15,000, 60% of which was direct labor and 40% of which was indirect labor.
c. Purchased raw materials on account, $ 24,000.
d. Used in production: direct materials, $ 9,500; indirect materials, $ 4,500.
e. Recorded manufacturing overhead: depreciation on plant, $ 10,000; plant insurance (previously paid), $ 1,300; plant property tax, $ 4,200 ( credit Property Tax Payable).
f. Allocated manufacturing overhead to jobs, 250% of direct labor costs.
g. Completed production on jobs with costs of $ 38,000.
h. Sold inventory on account, $ 20,000; cost of goods sold, $ 10,000.
i. Adjusted for overallocated or underallocated overhead.



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  • CreatedJanuary 16, 2015
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