Log the following action for Facedown Paper Company Collections on account, 155,000 Selling and administrative expenses paid
Fantastic news! We've Found the answer you've been seeking!
Question:
Log the following action for Facedown Paper Company
Collections on account, 155,000
Selling and administrative expenses paid 22.000
Paid to account, 37,000
Direct materials purchased on account 26,600
Indirect materials purchased into the account, 4,200
Requested direct materials costing 8,750 and indirect materials costing 4,200 to manufacture
The following wages were recorded direct labor, 23,300, indirect labor 19,700
It paid the salaries.
Depreciation on plant and equipment was $3,799
Overhead applied at 110 percent of direct labor
Works completed at a cost of 53,020
shipped 425 jobs at a cost of 48,500 and a selling price of 78,500
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date: