BE8 - Homework # 21 Brief Exercises BE21-1 > Continious...

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Homework # 21 Brief Exercises BE21-1 >> Continious on the next page Raw Materials Inventory Work in Process Inventory (1) Purchases (5) Direct labor used Factory Labor Manufacturing Overhead (4) Materials used (4) Direct materials used (7) Cost of completed jobs (6) Overhead applied (2) Factory labor incurred (5) Factory labor used Actual overhead incurred: (6) Overhead applied (3) Depreciation Insurance Repairs (4) Indirect materials used (5) Indirect labor used
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Finished Goods Inventory Cost of Goods Sold (7) Cost of completed jobs (8) Cost of goods sold (8) Cost of goods sold
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>> Brief Exercises BE21-2 Jan. 31 Raw Materials Inventory 3,000 Accounts Payable 3,000 (Purchase of raw materials on account) Factory Labor 5,000 Factory Wages Payable 4,500 Employer Payroll Taxes Payable 500 (To record factory labor costs) Manufacturing Overhead 2,000 Utilities Payable 2,000 (To record overhead costs) BE21-3 Jan. Work in Process Inventory 2,600 Manufacturing Overhead 600 Raw Materials Inventory
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BE8 - Homework # 21 Brief Exercises BE21-1 > Continious...

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