Question: please help me solve the required problems 1-5 HONE & Problem Froya Fabrikker A/5 of Bergen, Norway, sa mal company that mature catever for en

HONE & Problem Froya Fabrikker A/5 of Bergen, Norway, sa mal company that mature catever for en af elds. The company uses a job order costing that he manufacturing overhead co to jobs on the free hours its predetermined overhead rate was based on a cost formatased 50.000 of ander over for an estimated location base of 900 director hours. The following transaction took place during the year a Raw material purchased on account, $200.000 b. Raw materials used in production all direct materials. 5185.000 Utility bills/incurred on account $70.000 (0% related to factory operations, and the remainder related to sing and me acties) d. Accrued salary and wage costs OP Tabor hours et la felting and administrative laris 20 5.000 $110,000 Maintenance costs incurred on account in the factory S54,000 Advertising costs incurred on account 500.000 Depreciation was recorded for the year $95.000 (80% related to factory equipment, and the remainder related to sing and administrative equipment Rental cost incurred on account 5120000 (85 related to factory tacitiesand the remander related to see and active facilities Manufacturing overhead cost was apped to jobs Cost of goods manufactured for the vea $770.000 408 109 AM 2009 arch CHO Perches & Problems I cost of goods manufactured for the year, 5710.000 Sales for the year fall on account totaled 1.200,000. These goodscos S000,00) according to the cost sheets The balances in the inventory accounts at the beginning of the year were Has Materials Hork in process Finished Good 50.000 21. 60.000 . Required: Prepare journal entries to record the preceding transactions 2. Post your entries to accounts. Don't forget to enter the beginning inventory balances above) 3. Prepare a schedule of cost of goods manufactured 4A. Prepare a joumal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold 48. Prepare a schedule of cost of goods sold 5. Prepare an income statement for the year Complete this question by entering your answers in the tabs below. Reg Reg2 RA Reg 4 Reg 46 Reus Post your entries to T-accounts. Don't forget to enter the beginning investory balances above 10:58 AM 2021 19 O HONE & Problem Froya Fabrikker A/5 of Bergen, Norway, sa mal company that mature catever for en af elds. The company uses a job order costing that he manufacturing overhead co to jobs on the free hours its predetermined overhead rate was based on a cost formatased 50.000 of ander over for an estimated location base of 900 director hours. The following transaction took place during the year a Raw material purchased on account, $200.000 b. Raw materials used in production all direct materials. 5185.000 Utility bills/incurred on account $70.000 (0% related to factory operations, and the remainder related to sing and me acties) d. Accrued salary and wage costs OP Tabor hours et la felting and administrative laris 20 5.000 $110,000 Maintenance costs incurred on account in the factory S54,000 Advertising costs incurred on account 500.000 Depreciation was recorded for the year $95.000 (80% related to factory equipment, and the remainder related to sing and administrative equipment Rental cost incurred on account 5120000 (85 related to factory tacitiesand the remander related to see and active facilities Manufacturing overhead cost was apped to jobs Cost of goods manufactured for the vea $770.000 408 109 AM 2009 arch CHO Perches & Problems I cost of goods manufactured for the year, 5710.000 Sales for the year fall on account totaled 1.200,000. These goodscos S000,00) according to the cost sheets The balances in the inventory accounts at the beginning of the year were Has Materials Hork in process Finished Good 50.000 21. 60.000 . Required: Prepare journal entries to record the preceding transactions 2. Post your entries to accounts. Don't forget to enter the beginning inventory balances above) 3. Prepare a schedule of cost of goods manufactured 4A. Prepare a joumal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold 48. Prepare a schedule of cost of goods sold 5. Prepare an income statement for the year Complete this question by entering your answers in the tabs below. Reg Reg2 RA Reg 4 Reg 46 Reus Post your entries to T-accounts. Don't forget to enter the beginning investory balances above 10:58 AM 2021 19 O
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