Taylor enterprises had the following transactions during October. There were no beginning inventory balances a. purchased $37,300
Question:
a. purchased $37,300 of direct materials on account
b. incurred direct labor costs, $29,250
c. applied $37,500 of overhead to production.
d. completed units costing $88450
e. sold units costing $76,130
Using back flush costing prepare the journal entries on journal paper
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a Raw and in process inventory 37300 Accounts payable 37300 b C...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
Question Posted:
Students also viewed these Financial Accounting questions
-
A company had the following transactions during its most recent fiscal period: 1. A total of 5,000 shares were issued at $30 per share. 2. Equipment worth $120,000 was purchased for $80,000 cash and...
-
Horizon Consulting Company had the following transactions during the month of October: Oct. 2. Issued Invoice No. 321 to Pryor Corp. for services rendered on account, $595. 3. Issued Invoice No. 322...
-
Matchett Fabrications Ltd. sells greenhouse kits to retailers and garden centres. The company's post-closing trial balance at December 31, 2017, the end of its fiscal year, is presented below:...
-
What is the value of a 13% coupon bond that is otherwise identical to the bond described in Part D? Would we now have a discount or a premium bond?
-
Heat flow in a solid bounded by two conical surfaces (Fig. 11B.9). A solid object has the shape depicted in the figure. The conical surfaces 1 = constant and 2 = constant are held at temperatures T...
-
A golfer is enjoying a day out on the links. What maximum height will a 317 m drive reach if it is launched at an angle of 18.0 to the ground? The acceleration due to gravity is 9.81 m/s 2 . Answer...
-
You have been engaged to audit the financial statements of the Elliott Company for the year ended December 31, 1999. You also audited the December 31, 1998 financial statements. Following is the...
-
Heavenly Sounds Corp., an electric guitar retailer, was organized by Mickey Blessing, John Frey, and Nancy Stein. The charter authorized 750,000 shares of common stock with a par of $20. The...
-
Briefly describe the application of each of the following methods used in assessing candidates. 1 Conducting the Interview 2 Selection Activities Outline below, a minimum of two (2) strategies you...
-
Sunbright Citrus Products produces orange juice, grapefruit juice, and other citrus-related items. Sunbright obtains fruit concentrate from a cooperative in Orlando consisting of approximately 50...
-
On March 30, Rodger (age 56) was laid off from his employer of 30 years due to rough economic times. During his 30 years of employment, Rodger contributed $300,000 to his traditional 401(k) account....
-
The Spencer Shoe Company manufactures a line of inexpensive shoes in one plant in Pontiac and distributes to five main distribution centers (Milwaukee, Dayton, Cincinnati, Buffalo, and Atlanta) from...
-
An agreement that is inherently anticompetitive is illegal per se. (True/False)
-
Mr. Chandler, the production supervisor, bursts into your office, carrying the company's prior year performance report and thundering, "There is villainy here, sir! And I shall get to the bottom of...
-
Fill in the missing data for each of the following independent cases. (Ignore income taxes.) Note: Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever...
-
It was found that 60% of people have a dog as a pet. If a random sample of 11 people is selected, what is the variance of the number of people that have a dog as a pet? (That is, what is Var(X)?)...
-
If 22 boxes weigh 255.2 kilograms all together, what is the unit mass?
-
A pump test is conducted for 5 minutes while influent flow continues. During the test, the water level rises 2 inches. If the tank is 8 ft by 10 ft and the influent flow is 400 gpm, what is the...
-
Does investing in the safety of employees pay off for employers or not?
-
The graph of an equation is given. (a) Find the intercepts. (b) Indicate whether the graph is symmetric with respect to the x-axis, the y-axis, or the origin. -3 6 -6 3 x
-
In Figure two blocks (m = 1.8kg and M = 10 kg) and a spring (k = 200 N/m) are arranged on a horizontal, frictionless surface. The coefficient of static friction between the two blocks is 0.40. What...
-
In Figure a block weighing 14.0 N, which can slide without friction on an incline at angle = 40.0o, is connected to the top of the incline by a massless spring of unstretched length 0.450 m and...
-
In Figure two springs are joined and connected to a block of mass 0.245 kg that is set oscillating over a frictionless floor. The springs each have spring constant k = 6430 N/m. What is the frequency...
-
3. Show that : -3t = y 3 sin(t) cos(t) + e is a solution to the differential equation y' + 3 y 10 sin(t)
-
The United States, Austrailia, Canada, and the United Kingdom cluster high on individualism but low on power distance on Hofstede\'s cutlutral graph. What does this mean to someone looking to market...
-
Mini-garden project Week one of the mini-garden project involved Sacha and her fellow pre-schoolers planting sunflower seeds into the outdoor garden bed. Each child in the activity has been assigned...
Study smarter with the SolutionInn App