Jennifer Manutacturing Company uses a job order cost accounting tystem and keeps perpetual inventory recorads. Prepare journal entries to recora the folowing transoctions during the month of June. by drogging and dropping the appropriate occounts: Transaction Deb Credit Purchosed raw materials for $20.000 on account 34.000 of airect materials were requiutioned by production Pala tactory utities of $2.100 ncured $108.000 of assembly ine labor wages Alocated manutacturing overhead to production based on a predeterminea overhead rate of $7 per airect lobor hour worced. Goodi costing $18.000 were completed in the factory and were transferred to hished goods. Row materiais inventory Accounti pavable Work in process inventory Row materiais inventory Manutacturing overhead control Con Work in process inventory Wages payoble Work in process inventory Activate Windows Go to Settings to activate Windo Manutacturing overhead allocated Finished goods inventory Wor in process inventory
Jennifer Manutacturing Company uses a job order cost accounting tystem and keeps perpetual inventory recorads. Prepare journal entries to recora the folowing transoctions during the month of June. by drogging and dropping the appropriate occounts: Transaction Deb Credit Purchosed raw materials for $20.000 on account 34.000 of airect materials were requiutioned by production Pala tactory utities of $2.100 ncured $108.000 of assembly ine labor wages Alocated manutacturing overhead to production based on a predeterminea overhead rate of $7 per airect lobor hour worced. Goodi costing $18.000 were completed in the factory and were transferred to hished goods. Row materiais inventory Accounti pavable Work in process inventory Row materiais inventory Manutacturing overhead control Con Work in process inventory Wages payoble Work in process inventory Activate Windows Go to Settings to activate Windo Manutacturing overhead allocated Finished goods inventory Wor in process inventory
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 8P
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