Indirect materials Indirect labor Star Promotions $ 12,000 55,900 Other overhead Overhead applied Star Promotions Valle...

 

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Indirect materials Indirect labor Star Promotions $ 12,000 55,900 Other overhead Overhead applied Star Promotions Valle Builders $ 6,800 47,500 16,600 49,700 91,700 98,200 1-a. Determine whether overhead is overapplied or underapplied. 1-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Builders 2-a. Determine whether overhead is overapplied or underapplied. 2-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet A Record the entry to close underapplied/overapplied overhead for Star Promotions. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry ssessment Tool iFrame question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Valle Complete this question by entering your answers in the tabs below. Assessment Tool iFrame Req 1A Req 1B Req 2A Req 2B Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet < A Record the entry to close underapplied/overapplied overhead for Valle Builders. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry Assessment Tool iFrame Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Star 4. (a) Compute the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. (b) Compute the total cost of each job finished but not sold, and prove that the sum of their costs equals the Finished Goods Inventory balance. (c) Compute the total cost of each job sold, and prove that the sum of their costs equals the Cost of Goods Sold balance. Total Job Costs (a) Work in Process Inventory Balance (b) Finished Goods Inventory 0 Balance 0 (c) Cost of Goods Sold Balance 0 Indirect materials Indirect labor Star Promotions $ 12,000 55,900 Other overhead Overhead applied Star Promotions Valle Builders $ 6,800 47,500 16,600 49,700 91,700 98,200 1-a. Determine whether overhead is overapplied or underapplied. 1-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Builders 2-a. Determine whether overhead is overapplied or underapplied. 2-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet A Record the entry to close underapplied/overapplied overhead for Star Promotions. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry ssessment Tool iFrame question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Valle Complete this question by entering your answers in the tabs below. Assessment Tool iFrame Req 1A Req 1B Req 2A Req 2B Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet < A Record the entry to close underapplied/overapplied overhead for Valle Builders. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry Assessment Tool iFrame Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Star 4. (a) Compute the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. (b) Compute the total cost of each job finished but not sold, and prove that the sum of their costs equals the Finished Goods Inventory balance. (c) Compute the total cost of each job sold, and prove that the sum of their costs equals the Cost of Goods Sold balance. Total Job Costs (a) Work in Process Inventory Balance (b) Finished Goods Inventory 0 Balance 0 (c) Cost of Goods Sold Balance 0