Create the general joumal entries, post to the T$-$Accounts, and record Create the general joumal entries, post to the T$-$Accounts, and record

all applicable entries to the job sheets.

$($checkiligure: wotral cost of product green $=$$$88,500\mathrm{.}00)$

a$.$ Raw materials of $$50,000\mathrm{.}00$ were purchased with cash

b$.$ Factory labor wages of $$40,000\mathrm{.}00$ were paid with cash

c$.$ Factory labor costs were allocated as such:

Product Green:

Indirect Labor

$15,000\mathrm{.}00$

Indirect Labor

d$.$ Raw materials were transferred as such

Product Green: $,20,000\mathrm{.}00$

Product White: $,15,000\mathrm{.}00$

Indirect Materials $5,000\mathrm{.}00$

e$.$ Factory utility costs are paid with cash $$15,000\mathrm{.}00$

f$.$ Allocate manufacturing overhead to products based upon

a predermined overhead rate of $90\%$ of direct labor costs

Product White is finished and transferred to finished goods inventory

h$.$ Product White is sold for cash $$50,000\mathrm{.}00$

Work$-$in$-$Process Inventory

Manufacturing Overhead

Finished Goods Inventory

Soods Inventory

all applicable entries to the job sheets.

$($checkiligure: wotral cost of product green $=$$$88,500\mathrm{.}00)$

a$.$ Raw materials of $$50,000\mathrm{.}00$ were purchased with cash

b$.$ Factory labor wages of $$40,000\mathrm{.}00$ were paid with cash

c$.$ Factory labor costs were allocated as such:

Product Green:

Indirect Labor

$15,000\mathrm{.}00$

Indirect Labor

d$.$ Raw materials were transferred as such

Product Green: $,20,000\mathrm{.}00$

Product White: $,15,000\mathrm{.}00$

Indirect Materials $5,000\mathrm{.}00$

e$.$ Factory utility costs are paid with cash $$15,000\mathrm{.}00$

f$.$ Allocate manufacturing overhead to products based upon

a predermined overhead rate of $90\%$ of direct labor costs

Product White is finished and transferred to finished goods inventory

h$.$ Product White is sold for cash $$50,000\mathrm{.}00$

Work$-$in$-$Process Inventory

Manufacturing Overhead

Finished Goods Inventory

Soods Inventory