This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: (c) Factory utilities of $2,200 are payable, prepaid fac $1,800 has expired, and depreciation on the factory $3,500. Prepare journal entries for each type of manufacturing cost. (a) Raw Materials Inventory 4,200 Accounts Payable 4,200 (Purchases of raw materials on account) (b ) Factory Labor 18,000 Factory Wages Payable 15,000 Employee Payroll Taxes Payable 3,000 (To record factory labor costs) (c) Manufacturing Overhead 7,500 Utilities Payable 2,200 Prepaid Insurance 1,800 Accumulated Depreciation 3,500 (To record overhead costs)...
View Full Document