6

Check my work 6 Exercise 15-7 Cost flows in a job order costing system LO P1, P2, P3, P4 Part 1 of 4 Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materials used. 2. Cost of direct labor used. 4 3. Cost of goods manufactured. points 4. Cost of goods sold.* 5. Gross profit. 6. Overapplied or underapplied overhead. eBook Do not consider any underapplied or overapplied overhead. Hint Raw Materials (RM) Work in Process (WIP) + References ol Finished Goods (FG) Inventory Factory Overhead 0 Mc Graw Hill Saved Help Save & Exit Chapter 15 Homework i Check my 7 Exercise 15-8 Journal entries for materials LO P1 Part 2 of 4 1. Raw materials purchases for cash. 2. Direct materials usage 3. Indirect materials usage. 4 points Prepare journal entries for the above transactions for the month of May. eBook View transaction list Hint Journal entry worksheet A B C References Record raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Mc Graw