Question: plz help me solve this question using these sheets. caif svuen and cour of coals his ledger contains the following data. mantafacfued schedule. ((001,2,3,4),Ap The




caif svuen and cour of coals his ledger contains the following data. mantafacfued schedule. ((001,2,3,4),Ap The Manufacturing Orerhead account has debit totals of $12.500 and credit $10,000. Subsidiary data for Work in Process Inventory on May I inchide: During May, the following costs were incurred: raw materials purchased on $4,000, labor paid $7,000, and manufacturing onerhead paid $1,400. A summary of materials requivition slips and time tickets for the month of Ma the following. Overhead was charged to pohs on the basis of $0.70 per dolfar of direct babor Hacurais for customers Stincr, Alton, and Herman were completed tharing May. 1 iacurais were sold for a total of $36,000. BeginningWorkinProcessDirectMaterials Process/Job No. Beginning Work in Process Parto Madad Process/Job No. Beginning Work in Process Costs Added Total Cost Cost of Finished Goods Ending Work in Process Use the information from P 15-3B and the excel templates provided to complete following accounting tasks: 1 Prepare a product cost worksheet for each of the Jobs listed: Stiner, Alton, Herman. Note: you will be accounting, for each job, for the values of (a) beginning WIP and (b) additional values added for each job 2 Prepare journal entries to record the values of DM, DL, and AOH that were added to work in process during the month of May 3 Prepare journal entries to record values transferred from WIP to FGI during the month of May. 4 Prepare journal entries to record the sale of FGI during the month of May
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
