Annotated Solution for Problem 3_26

Annotated Solution for Problem 3_26 - Problem 3-26 Starting...

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Problem 3-26 Starting position in the subsidiary ledgers which feed the General Ledger * Job 208 materials, labor, and overhead at May 31 . RUR28,700 Job 209 materials, labor, and overhead at May 31 . 12,300 Total Work in Process inventory at May 31 . ........... RUR41,000 From this point on we will just be posting the General Ledger and not continue to show the subsidiary job ledgers 1. Raw Materials Work in Process Bal. 30,000 Bal. 41,000* Finished Goods Manufacturing Overhead Bal. 50,000 Salaries & Wages Payable Accounts Payable Job 208 Job 209 DM 9,500 DM 5,100 DL 8,000 DL 3,000 FOH 11,200 FOH 4,200
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2a. Issue materials: Direct materials for Job 209: RUR 6,000 Direct materials for Job 210: RUR 8,500 R U R 1 3 , 2 0 0 Indirect materials: all jobs given as RUR3,600 So materials journal entry is: Work in Process . .................................. 13,200 * Manufacturing Overhead . ..................... 3,600 Raw Materials . ................................ 16,800 Raw Materials Work in Process Bal. 30,000 (a) 16,800 Bal. 41,000* (a) 13,200 Finished Goods Manufacturing Overhead Bal. 50,000 (a) 3,600 Salaries & Wages Payable Accounts Payable
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2b. Posting of Labor Direct Labor for Job 208: RUR 4,000 Direct Labor for Job 209: RUR 7,500 Direct Labor for Job 210: RUR 8,500 RUR20,200 Indirect Labor:
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This note was uploaded on 03/29/2011 for the course ACCT 311 taught by Professor Seese during the Summer '10 term at Old Dominion.

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Annotated Solution for Problem 3_26 - Problem 3-26 Starting...

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