cost accounting

Project Description:

crs products inc. uses a job order cost system. selected trans-actions dealing with factory items for the month follow:
a. requisitioned indirect materials from storeroom, $ 3,200.
b. purchased, on account, factory supplies for future needs, $ 4,400.
c. purchased parts, on account, for repairing a machine, $ 1,400.
d. requisitioned factory supplies from storeroom, $ 900.
e. returned other defective factory supplies to vendor, $ 700.
f. factory rent accrued for the month, $ 2,400. g. returned previously requisitioned factory supplies to store room, $ 350.
h. depreciation of machinery and equipment, $ 2,800.
i. payroll taxes liability for month, $ 3,200.
j. heat, light, and power charges payable for the month, $ 6,400.
k. expired insurance on inventories, $ 1,350.
l. factory overhead applied to production, $ 34,600.
m. indirect labor for the month, $ 2,600.
n. goods completed and transferred to finished goods: materials, $ 14,400; labor, $ 40,400; factory overhead, $ 30,400.
required: record the previous transactions. assume that the records include a control account and a subsidiary ledger for factory overhead, to which the entries will be posted at some later date.
Skills Required:
Project Stats:

Price Type: Negotiable

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