General Journal Date Description Debit Credit 1 Dec Raw Materials $11,000 Accounts Payable $11,000 5 Dec Work in Process 1 $1,900 Raw Materials $1,900 10 Dec Work in Process 1 $150 Manufactured Overhead $3,500 Salary Expense $2,000 Salaries and Wages Payable $5,650 15 Dec Work in Process 2 $2,210 Raw Materials $2,210 16 Dec Manufactured Overhead $600 Accounts Payable $600 17 Dec Advertising Expense $1,400 Accounts Payable $1,400 20 Dec Manufactured Overhead $150 Depreciation Expense $600 Accumulated Depreciation $750 22 Dec Work in Process 1 $2,100 Manufactured Overhead $2,100 26 Dec Finished goods $4,150 Work in Process 1 $4,150 28 Dec Accounts Receivable $16,000 Sales Revenue $16,000 Cost of Goods Sold $4,150 Finished goods $4,150 31 Dec Work in process 2 $75 Salaries and Wages Payable $75 31 Dec Work in Process 2 $1,050 Manufactured Overhead $1,050 31 Dec Cost of Good Sold $1,100 Manufactured Overhead $1,100 What is the ending balance for raw materials What is the ending balance for work in process What is the ending balance for finished goods What is the actual manufacturing overhead cost incurred during December before adjustment What is the total applied manufacturing overhead cost during December before adjustment What is the unadjusted cost of goods sold Was the manufacturing overhead for the month of December overapplied underapplied What is the amount of Manufacturing overhead overapplied underapplied What is the adjusted cost of goods sold What is gross margin What is the total prime cost for Job 1 What is the total conversion cost for job 1 What is the total product cost for job 1 What was the period cost incurred for the month of December What is the total variable cost incurred for Job 1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed ) What is the contribution margin for Job 1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed )

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Question: General Journal Date Description Debit Credit 1-Dec Raw Materials $11,000 Accounts Payable $11,000 5-Dec Work in Process 1 $1,900 Raw Materials $1,900 10-Dec Work in

General Journal

Date

Description

Debit

Credit

1-Dec

Raw Materials

$11,000

Accounts Payable

$11,000

5-Dec

Work in Process 1

$1,900

Raw Materials

$1,900

10-Dec

Work in Process 1

$150

Manufactured Overhead

$3,500

Salary Expense

$2,000

Salaries and Wages Payable

$5,650

15-Dec

Work in Process 2

$2,210

Raw Materials

$2,210

16-Dec

Manufactured Overhead

$600

Accounts Payable

$600

17-Dec

Advertising Expense

$1,400

Accounts Payable

$1,400

20-Dec

Manufactured Overhead

$150

Depreciation Expense

$600

Accumulated Depreciation

$750

22-Dec

Work in Process 1

$2,100

Manufactured Overhead

$2,100

26-Dec

Finished goods

$4,150

Work in Process 1

$4,150

28-Dec

Accounts Receivable

$16,000

Sales Revenue

$16,000

Cost of Goods Sold

$4,150

Finished goods

$4,150

31-Dec

Work in process 2

$75

Salaries and Wages Payable

$75

31-Dec

Work in Process 2

$1,050

Manufactured Overhead

$1,050

31-Dec

Cost of Good Sold

$1,100

Manufactured Overhead

$1,100

What is the ending balance for raw materials?
	What is the ending balance for work in process?
	What is the ending balance for finished goods?
	What is the actual manufacturing overhead cost incurred during December before adjustment?
	What is the total applied manufacturing overhead cost during December before adjustment?
	What is the unadjusted cost of goods sold?
	Was the manufacturing overhead for the month of December overapplied/underapplied ?
	What is the amount of Manufacturing overhead overapplied/underapplied?
	What is the adjusted cost of goods sold?
	What is gross margin?
	What is the total prime cost for Job#1?
	What is the total conversion cost for job #1?
	What is the total product cost for job#1?
	What was the period cost incurred for the month of December?
	What is the total variable cost incurred for Job #1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)?
	What is the contribution margin for Job #1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)?

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