Question: Chapter Review 18-19 (Extra Credit) 6 8 Required information Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3

 Chapter Review 18-19 (Extra Credit) 6 8 Required information Problem 19-3A
Source documents, journal entries, and accounts in job order costing LO P1,

Chapter Review 18-19 (Extra Credit) 6 8 Required information Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below Widmer watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows a. Purchased raw materials on credit, $260,000. b. Materials requisitions record use of the fllowing materials for the month Part 4 of 4 points Skipped Job 136 50,000 2,500 19,400 22,800 Job 138 Job 139 Job 140 Total direct nateriala Indi reot materials Total materials used References 152, 200 c. Paid $16,000 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following labor for the month. These wages were pald in cash Tob 136 Job 137 Job 138 $ 12,000 10,800 37,700 39,000 Jeb 140 Total direet labor Indirect labor 103,300 Total $129,800 e. Applied overhead to Jobs 136, 138, and 139 f Transferred Jobs 136,138, and 139 to Finished Goods g- Sold Jobs 136 and 138 on credit at a total price of $530,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!