{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}


MAChap4_handoutproblem1 - -Job No 1 $900-Job No 2...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Job-Costing System – The Flow of Costs Example Part A During the first month of operations, Sandy Tool & Die accumulated the following manufacturing costs: - Raw materials: $3,000 on account - Factory labour: $5,000, of which $4,500 relates to factory wages payable and $500 relates to payroll taxes payable - Utilities payable: $2,000 Required: Prepare journal entries for each type of manufacturing cost. Part B In January, Sandy Tool & Die requisitions raw materials for production as follows:
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: -Job No. 1: $900-Job No. 2: $1,200-Job No. 3: $500-General factory use: $600 Required: Prepare summary journal entry to record the raw materials used. Part C Factory labour data for Sandy Tool & Die was given in part A. During January, time tickets show that factory labour of $5,000 was used as follows: Job No. 1, $1,200; Job no. 2, $1,600, Job No. 3, $1,700; and general factory use, $500. Required: Prepare a summary journal entry to record factory labour used....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online