Chapter 3.A, Problem 1E

Carmen Company is a manufacturer that completed numerous transactions during the month, some of which are shown below:

a. Raw materials used in production as direct materials, $56,000.
b. Paid direct laborers $40,000 in cash for their work on various jobs during the month.
c. Applied of manufacturing overhead to production during the month.
d. Various jobs costing a total of $110,000 were Completed during the month and transferred to Finished Goods.
Various completed jobs costing a of $90.000 were sold to customers
e. Cash Saks for the month totaled $160.000.
g. Selling and administrative expenses paid in $18,000.

The tile shatter below includes a subset of Carmen Company’s balance sheet accounts. Record each of the above transactions using the accounts that are given. If a transaction increases an account balance, then record the amount as a positive number. If it decreases an account
Balance, then record the amount in parentheses