pr10-4 answer

pr10-4 answer - PR 19-4A Big Wave Company manufactures surf...

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PR 19-4A Big Wave Company manufactures surf boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for July: Materials July 1 Balance 30,000 July 31 Requisitions (A) 31 Purchases 120,000 Work in Progress July 1 Balance (B) July 31 Completed jobs (F) 31 Materials (C) 31 Direct labor (D) 31 Factory overhead applied (E) Finished Goods July 1 Balance 0 July 31 Cost of goods sold (G) 31 Completed jobs (F) Wages Payable July 31 Wages incurred 120,000 Factory Overhead July 1 Balance 22,000 July 31 Factory overhead applied (E) 31 Indirect labor (H) 31 Indirect materials 16,000 31 Other overhead 95,000 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Job No. Style Quantity Direct Materials Direct Labor No. 21 X-10 200 $ 20,000 $15,000 No. 22 X-20 400 34,000 26,000 No. 23 X-50 200 14,000 8,000 No. 24 T-20 250 30,000 25,000 No. 25 X-40 180 22,000 17,500 No. 26 T-10 140 8,000 4,500 Total 1,370 $128,000 $96,000 b. Factory overhead is
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This note was uploaded on 02/23/2012 for the course ACC 101 taught by Professor Jeff during the Spring '12 term at Lansing.

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pr10-4 answer - PR 19-4A Big Wave Company manufactures surf...

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