Question: Please help me with years 2014 and 2015 Transactions for 2014 1. Acquired additional $1,100 of cash from common stock. 2. Purchased $1,250 of direct
Please help me with years 2014 and 2015 Transactions for 2014 1. Acquired additional $1,100 of cash from common stock. 2. Purchased $1,250 of direct raw materials. 3. Used $1,210 of direct raw materials to produce inventory 4. Paid $580 of direct labor wages to employees to make inventory 5. Applied $300 of manufacturing overhead cost to Work in Process Inventory 6. Finished work on inventory that cost $1,870. 7. Sold goods that cost $1,520 for $2,850 8. Paid $420 for selling and administrative expenses. for the year. 9. Actual manufacturing overhead cost amounted to $330 Transactions for 2015 1, Paid a cash dividend of $700 2. Purchased $1,490 of direct raw materials. 3. Used $1.150 of direct raw materials to produce inventory 4. Paid $430 of direct labor wages to employees to make inventory 5. Applied $330 manufacturing to in 6. Finished work on cost $2,040 7. Sold goods that cost $2,240 for $3,520 8. Paid $660 for selling and administrative expenses the year, 9. Annual manufacturing overhead costs were $240 for
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