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Unformatted text preview: Folding Chairs Process Custom Tailored Suits Job Order Grand Pianos Job Order QS 20-2 1 - Purchase of raw materials Dr Cr Raw Materials $62,000 Cash $62,000 2 - Requisition of Direct Materials Goods in Process $50,000 Raw Materials $50,000 QS 20 - 3 1 - Total Factory Payroll Incurred Dr Cr Factory Payroll $135,000 Cash $135,000 2 - Direct Labor Used in Production Goods in Process Inventory $125,000 Factory Payroll $125,000 QS 20 - 4 1 - 3 Journal Entries for the overhead allocation Dr Cr Factory Overhead $175,000 Raw Materials $9,000 Factory Payroll $10,000 Other Expenses $156,000 Dr Cr Factory Overhead $9,000 Raw Materials $9,000 4 - Journal Entries - application of overhead to production Dr Cr Goods In Process $175,000 Factory Overhead $175,000 QS 20 - 5 Dr Cr Finished Goods $275,000 Goods in Process $275,000 Process Operation or Job Order Operation? Process Operation or Job Order Operation?...
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This note was uploaded on 11/11/2009 for the course ACC 121 taught by Professor Cline during the Spring '09 term at Colorado Mountain.
- Spring '09