From the following transactions,prepare the appropriate general journal entries for the month of April.
a.Raw materials costing $60,000 were issued from the storeroom.
b.Direct labor of $53,000 was charged to production.
c.Indirect labor costs of $17,000 were incurred.
d.Overhead was applied at the rate of 40% of direct labor dollars.
e.Completed products costing $42,000 were transferred to finished goods.
f.Products costing $32,000 were sold for $50,000 on account.
Correct Answer:
Verified
Q81: Given the following accounts:
-Issued raw materials to
Q83: Cost of Goods Sold is debited after
Q86: The following data are available for
Q87: When actual overhead costs are not known
Q90: Record in general journal form the
Q91: Given the following accounts:
-Charged the following costs
Q92: Given the following accounts:
-Transferred completed products to
Q92: Overhead may be applied based on direct
Q95: The Manufacturing Overhead-Control account is used to
Q98: Finished Goods Inventory is credited when products
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