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    Ecashm's Avatar
    Ecashm Posts: 1, Reputation: 1
    New Member

    Nov 25, 2006, 04:08 AM
    Prepare general journal enteries

    Prepare general journal enteries to record events

    a. purchase raw materials for $65000 cash

    b. used raw materials
    Dept A 21760
    Dept b 46760
    Indirect mat 5000

    c. paid factory payroll 125000 cash
    d. assigned factory payroll cost
    Dept A 25420 Direct labor
    Dept B 60900 Direct labor
    Indirect labor 38680

    e. incurred additional factory overhead cost of 54725 in cash
    f. Factory overhead is allocated to dept A & B as a percentage of direct labor costs
    Overehead rate is 125%

    Units of production on hand or worked for august

    Dept A Dept B

    Units in Beg inventory 200 300
    % completed w/ respect to:
    Materials 90% 30%
    Labor & overhead 80% 10%

    Units Started in Aug 900 700
    Units transferred 700 750
    % completed w/ respect to:
    Materials 100% 100%
    Labor & overhead 100% 100%

    Ending inventory 400 250
    % completed w/ respect to:
    Materials 40% 70%
    Labor & overhead 20% 60%

    Make following calculations:
    Equivalent units of production in Dept A & B separately using weighted average
    Per unit cost for labor materials & overhead
    Martinuther's Avatar
    Martinuther Posts: 1, Reputation: 1
    New Member

    Aug 22, 2010, 03:54 AM
    Purchase a/c dr 65000
    To,cash a/c cr 65000
    (being good purchased)
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member

    Aug 24, 2010, 07:59 PM

    Please check out the guidelines for posting homework and not that we do not just answer things for people:

    This is also a 4 year old thread and is being closed.

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