Exercise_chapter_07_send - 7-36NameTracing Costs in a Job...

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Unformatted text preview: 7-36NameTracing Costs in a Job Company - Klemstine CabinetryEnter the required data in the shaded cells.Use the partial chart of accounts below to make the journal entries.Enter the account number in column B. Cash101Payroll Taxes Payable202Materials Inventoy102Fringe Benefits Payable203Work-In-Process--Direct Materials103Manufacturing Overhead501Finished Goods Inventory104Overhead Applied502Accumulated DepreciationPayroll601Property, Plant, and Equipment105Administrative and Marketing Costs701Accounts Payable2011. Purchased $35,000 in materials on account.Acc #102 Materials Inventory35,800 201 Accounts Payable35,800 2. Issued $1,000 in supplies from the materials inventory to the production department.Acc #501 Manufacturing Overhead1,000 102 Materials Inventory1,000 3. Paid for the materials purchased in (1)Acc #201 Accounts Payable35,800 101 Cash35,800 4. Issued $17,000 in direct materials to the production department....
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Exercise_chapter_07_send - 7-36NameTracing Costs in a Job...

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