Southworth Co Solution - Name Answer Key 1 General Journal...

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1 Name Answer Key General Journal Page 1 JE Ref. Description Debit Credit 1 a Raw Materials 142,000 1 2 Accounts Payable 142,000 2 3 3 4 b Work in Process 150,000 4 6 Raw Materials 150,000 6 7 7 8 c Manufacturing Overhead 21,000 8 11 Accounts Payable 21,000 11 12 12 13 d Work in Process 216,000 13 14 Manufacturing Overhead 90,000 14 15 Salaries Expense 145,000 15 16 Salaries Payable 451,000 16 17 17 18 e Manufacturing Overhead 15,000 18 19 Accounts Payable 15,000 19 20 20 21 f Advertising Expense 130,000 21 22 Accounts Payable 130,000 22 23 23 24 g Manufacturing Overhead 45,000 24 25 Depreciation Expense 5,000 25 26 Accumulated Depreciation 50,000 26 27 27 28 h Manufacturing Overhead 72,000 28 29 Rent Expense 18,000 29 30 Accounts Payable 90,000 30 31 31 32 i Miscellaneous Selling Expenses 17,000 32 33 Accounts Payable 17,000 33 34 34 35 j Work in Process 240,000 35 36 Manufacturing Overhead 240,000 36 37 37 38 k Finished Goods 590,000 38 39 Work in Process 590,000 39 40 40 41 l Accounts Receivable 1,000,000 41 42 Sales 1,000,000 42 43 Cost of Goods Sold 600,000 43 44 Finished Goods 600,000 44
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Name Answer Key 2 Southworth Company Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Raw materials inventory, Jan. 1
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