HW_Chapter7 - 7-17 1 2 Direct Material Inventory Accounts...

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Unformatted text preview: 7-17 1 2 Direct Material Inventory Accounts Payable Manufctoring Overhead Control Matrials inventory Direct Material Inventory Accounts Payable Accounts Payable Cash Work-in-process Inventory Direct Material inventory Work-in-process Inventory Wages Payable Manufctoring Overhead Control Cash Work-in-process Inventory Applied manufactoring Overhead Manufctoring Overhead Control Accumulated Depriciation 4000 4000 200 200 5000 5000 4000 4000 6000 6000 5000 5000 4300 4300 6250 6250 1000 1000 3 4 5 6 7 8 9 Accounts Payable 4000 4000 5000 5000 Materials Inventory 1800 4000 5000 EB 4600 BB Wages Payable 5000 5000 Accumulated Depriciation 1000 1000 Manufactoring Overrhead Contro 200 4300 1000 5500 7-18 a b $32,000 $30,000 c d e f 7-19 Direct material Direct Labor Applied overhead Total manuf. Cost $22,000 $4,000 $333,333 $666,667 $1,000,000 $2,000,000 7-20 predetermined overhead rate= 110000/200000= %55 a job 301 302 303 Direct Labor Cost 50000 75000 100000 225000 130000-123750= $6250 Underapplied Manufactoring Overhead Pred. rate 55% 55% 55% Applied Overhead 27500 41250 55000 123750 b Materials Inventory 200 6000 Work-in-process Inventory 3300 6000 5000 6250 5700 EB 14850 BB Cash 4000 4300 8300 Manufactoring Overrhead Control Finished Goods inventory 13000 5700 14600 EB 7300 Applied Manufactoring overhead Cost of Goods Sold 6250 14600 EB 14600 6250 BB ...
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This note was uploaded on 10/29/2009 for the course ACC 066 taught by Professor Kwak during the Spring '08 term at DeAnza College.

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HW_Chapter7 - 7-17 1 2 Direct Material Inventory Accounts...

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