Exercise 2-4 Recording product costs LO P1, P2, P3 Starr Company reports the following Information for August Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 86,608 $58,480 $19,858 120% of direct labor cost Prepare Journal entries to record the following events. 1. Raw materlals purchased. 2. Direct materlals used In production. 3. DIrect labor used In production. 4. Applied overhead. View transaction list Journal entry worksheet 2 4 Record the entry to assign direct materials to jobs Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general jourmal
Exercise 2-4 Recording product costs LO P1, P2, P3 Starr Company reports the following Information for August Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 86,608 $58,480 $19,858 120% of direct labor cost Prepare Journal entries to record the following events. 1. Raw materlals purchased. 2. Direct materlals used In production. 3. DIrect labor used In production. 4. Applied overhead. View transaction list Journal entry worksheet 2 4 Record the entry to assign direct materials to jobs Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general jourmal
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter19: Job Order Costing
Section: Chapter Questions
Problem 19.4APR: Analyzing manufacturing cost accounts Fire Rock Company manufactures Designer paddle boards in a...
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