Job 306 job 307 job 308 apri from march direct

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Job 306Job 307Job 308ApriFrom MarchDirect Materials$29000$35000$640Direct Labor2000018000380Applied overhead100009000190Beginning goods in process59000620000121For AprilDirect Materials135000220000100000455Direct Labor85000150000105000340Applied overhead425007500052500170Total costs added in April262500445000257500765Total costs (April 30)321500507000257500108Status on April 30Finished (sold)Finished (unsold)In processApril 30 cost included inCost of goods soldFinished goods inventoryWork in process inventorya.Materials purchases (on credit).b.Direct materials used in production.c.Direct labor paid and assigned to Work in Process Inventory.
d.Indirect labor paid and assigned to Factory Overhead.e.Overhead costs applied to Work in Process Inventory.f.Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.)g.Transfer of Jobs 306 and 307 to Finished Goods Inventory.h.Cost of goods sold for Job 306.i.Revenue from the sale of Job 306.j.Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not m2.Prepare journal entries for the month of April to record the above transactions.TransGeneral Journal DebitCredita.Raw materials inventory500000Accounts payable500000b.Work in process inventory455000Raw Materials inventory455000c.Work in process inventory340000Cash340000d.Factory overhead23000Cash23000e.Work in process inventory170000

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