Question: Sereno Company makes pi atas for children s birthday parties Information for

Sereno Company makes piñatas for children's birthday parties. Information for Sereno's last six months of operation is listed below.
Required:
Prepare the journal entries to record each of the following transactions.
(a) Purchased $15,600 of raw materials on credit.
(b) Issued $9,200 of direct materials into production.
(c) Recorded $16,500 in direct labor.
(d) Applied $24,000 in manufacturing overhead
(e) Completed pinatas costing $39,500
(f) Recorded $16,000 in actual manufacturing overhead
(g) Sold piñatas for $66,000 that cost $44,000 to produce.

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  • CreatedFebruary 27, 2015
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