 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Prepare a summary journal entry to record raw materials used
In January, Knox Company requisitions raw materials for production as follows; Job 1 $944, Job 2 $1,460, Job 3 $794, and general use $641.
Prepare a summary Journal entry to record raw materials used. Would it be Work In Process Inventory $3,839 Manufacturing overhead $641 Raw Materials Inventory $4,480. |
||||
Check out some similar questions!
Prepare journal entry for materials and labor, based on raw material issued $850, general use in the factory $600, labor time tickets $1,600, and for supervision $400
total earnings $ 200,000 deductions (the only deductiond from the pay are the two listed below) FICA tax withheld $ 14,300 Ferderal Income tax withheld 50,700 only $65,000 of the wages is subject to the Federal and State unemployment taxes the Federal unemployment tax is 0.8% (=.008) the...
XYZ company exchange used truck plus cash for vacant land that might be used for a future plant site. The truck has a value of US$42000 ($64000 less $22000) accumulated depriciation). XYZ's purchasing agent, who has previous dealings in the second hand market,indicates that the truck has a fair...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
