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show sloution steps Chapter 19 Practice Question 1) On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom. Refer to the Chart of Accounts for exact working of account titles Date Description Debit Credit 1 May 7 Materials 80,000 Account Payable 80,000 3 31 Work in Process 67 400 Materials 67,400 2 4 2) During May, Bergan Company accumulated 2,500 hours of direct labor cost on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for job 200 and $24 per direct labor hour for Job 305. Journalize the entry to record the flow of labor cost into production during May. Refer to the Chart of Accounts for exact wording of account titles. Date Description Debit Credit 1 May 30 Work in Process 142,000 Wages Payable 142,000 2 3) During May, Bergan Company incurred factory overhead costs as follows: Indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000. Date Description Debit Credit 1 May 30 Factory Overhead 29,200 2 Materials 8,800 3 Wages Payable 6,600 4 Utilities Payable 4,800 5 Accumulated Depreciation-Factory 9,000 show sloution steps Chapter 19 Practice Question 1) On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom. Refer to the Chart of Accounts for exact working of account titles Date Description Debit Credit 1 May 7 Materials 80,000 Account Payable 80,000 3 31 Work in Process 67 400 Materials 67,400 2 4 2) During May, Bergan Company accumulated 2,500 hours of direct labor cost on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for job 200 and $24 per direct labor hour for Job 305. Journalize the entry to record the flow of labor cost into production during May. Refer to the Chart of Accounts for exact wording of account titles. Date Description Debit Credit 1 May 30 Work in Process 142,000 Wages Payable 142,000 2 3) During May, Bergan Company incurred factory overhead costs as follows: Indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000. Date Description Debit Credit 1 May 30 Factory Overhead 29,200 2 Materials 8,800 3 Wages Payable 6,600 4 Utilities Payable 4,800 5 Accumulated Depreciation-Factory 9,000