Week 2, LO 4 Demo

Week 2, LO 4 Demo - material and $1,000 was indirect...

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Week 2: Systems Design: Job-Order Costing Week 2 Skill Building Demonstration Problem 4 Prepare Journal Entries to record costs in job-order costing system. Learning Objective 4 On January 1, 2009 The Alpha Fruit Company had $10,000 worth of raw materials. They purchased an additional $10,000 of raw material with cash the following month. Record the purchases of additional raw material. Raw Materials………. $10,000 Cash………………. ....... $10,000 On March 1, 2009, $3,000 of raw materials was requisitioned - $2,000 was direct
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Unformatted text preview: material and $1,000 was indirect material. Record this transaction. Work in Process. ....$2,000 Manufacturing Overhead$1,000 Raw Materials. ..... $3,000 During November total factory payroll is $1,500, $750 direct labor and $750 of indirect labor. Work-In-Process. ..$750 Manufacturing Overhead$750 Salaries Payable. .$1,500 Sample Documents...
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Week 2, LO 4 Demo - material and $1,000 was indirect...

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