Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with
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Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance.
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a. Purchased $101,500 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 282 Total direct materials Indirect materials Total materials used 25,100 74,800 18,128 $ 84,929 c. Time tickets show the following labor used for the month. Job 201 Job 282 Total direct labor Indirect labor Total labor used. $ 48,789 14,189 54,800 25,700 $ 80,500 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. 1. (1) Sold Job 201 for $168,260 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 33,500 650 950 4,500 $ 39,600 a. Purchased $101,500 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 282 Total direct materials Indirect materials Total materials used 25,100 74,800 18,128 $ 84,929 c. Time tickets show the following labor used for the month. Job 201 Job 282 Total direct labor Indirect labor Total labor used. $ 48,789 14,189 54,800 25,700 $ 80,500 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. 1. (1) Sold Job 201 for $168,260 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 33,500 650 950 4,500 $ 39,600
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