Concept explainers
Exercise 19-6
Recording events in job order costing
P1 P2 P3 P4
Using Exhibit 19.15 as a guide, prepare summary
a. Raw materials purchased on account, $90,000.
b. Direct materials used in production, $36,500. Indirect materials used in production, $19,200.
c. Paid cash for factory payroll, $50,000. Of this total, $38,000 is for direct labor and $ 12,000 is for indirect labor.
d. Paid cash for other actual
e. Applied overhead at the rate of 125% of direct labor cost.
f. Transferred
g. Sold jobs on account for $82,000. The jobs had a cost of $56,800.
Want to see the full answer?
Check out a sample textbook solutionChapter 19 Solutions
FUND.ACCT.PRIN.(LOOSELEAF)-W/CONNECT
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education