AC$336$

Assignment #$4$ Name:

The Following journal entries occurred over the period:

a$.$ Raw materials, such as wood, paints, and metal sheeting, were purchased on account: $$80,000.$

b$.$ Raw materials were issued to production: $$90,000($ $$5,000$ of this amount was for indirect

materials$).$

c$.$ Payroll costs were incurred and paid: direct labour, $$120,000$; indirect labour, $$30,000$; and

selling and administrative salaries, $$75,000.$

d$.$ Fabrication shop utilities costs were incurred: $$12,000.$

e$.$ Depreciation was recorded for the year: $$30,000($ $$5,000$ on selling and administrative assets;

$$25,000$ on fabrication shop assets$).$

f$.$ Prepaid insurance expired: $$4,800($ $$4,000$ related to fabrication shop operations, and $$800$

related to selling and administrative activities$).$

g$.$ Shipping expenses were incurred: $$40,000.$

h$.$ Other manufacturing overhead costs were incurred: $$17,000($credit Accounts Payable$).$

Required:

Write journal entries for these transactions $($Descriptions are not required$)$