e3-2 - Name: Date: Instructor: Course: rd Managerial...

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FileName: 2239b50adaef6e23f375a2affba6d5d5867f880c.xls, Tab: Exercise E3-2, Page 1 of 2, 12/28/2011, 19:01:27 Name: Date: Instructor: Course: Raw Materials $4,200 Work in Process-Cutting $3,900 Finished Goods $31,900 Work in Process-Assembly $10,600 During August, the following transactions occurred: Instructions: During August, the following transactions occurred. Journalize these transactions. (Omit explanations.) 1. Purchased raw materials on account $56,300 Account Title Amount Account Title Amount 2. Incurred factory labor - credit Wages Payable $55,000 Account Title Amount Account Title Amount 3. Incurred manufacturing overhead $70,000 of this total, $36,000 was paid in cash, the remainder is unpaid. Account Title Amount Account Title Amount Account Title Amount 4. Requisitioned materials for Cutting is $15,700 and for Assembly is $8,900 Account Title Amount Account Title Amount Account Title Amount 5. Used factory labor for Cutting $28,000 and for Assembly $27,000 Account Title Amount Account Title Amount
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This note was uploaded on 12/28/2011 for the course ACCT 221 taught by Professor Leonarda.bacon during the Winter '07 term at CSU Bakersfield.

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e3-2 - Name: Date: Instructor: Course: rd Managerial...

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