Check my work The Polaris Company uses a job-order costing system. The following transactions occurred in October a. Raw

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Check My Work The Polaris Company Uses A Job Order Costing System The Following Transactions Occurred In October A Raw 1 (43.43 KiB) Viewed 49 times

Check My Work The Polaris Company Uses A Job Order Costing System The Following Transactions Occurred In October A Raw 2 (23.58 KiB) Viewed 49 times

Check My Work The Polaris Company Uses A Job Order Costing System The Following Transactions Occurred In October A Raw 3 (24.73 KiB) Viewed 49 times

Check My Work The Polaris Company Uses A Job Order Costing System The Following Transactions Occurred In October A Raw 4 (32.38 KiB) Viewed 49 times

Check my work The Polaris Company uses a job-order costing system. The following transactions occurred in October a. Raw materials purchased on account, $211.000. b. Raw materials used in production, $191,000 ($152,800 direct materials and $38.200 Indirect materials) c. Accrued direct labor cost of $49,000 and indirect labor cost of $21000. d. Depreciation recorded on factory equipment. $106,000 e Other manufacturing overhead costs accrued during October, $129,000. The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 76,100 machine-hours were used in October g. Jobs costing $512,000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Jobs that had cost $451,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 22% above cost. Required: 1. Prepare journal entries to record the transactions given above. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process Post the relevant transactions from above to each account Compute the ending balance in each account, assuming that Work in Process has a beginning balance of 534,000 Complete this question by entering your answers in the tabs below. < Prev 3 of 10 !!! Next >
ing your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the transactions given above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet < 2 3 1 4 5 0 7 8 9 > Raw materials purchased on account, s211,000. Note: Enter debts before credits < Prev 3 of 10 !!! Next >
Journal entry worksheet 1 2 3 4 5 в 7 8 9 Raw materials purchased on account, $211,000. Note: Enter debitis before credits Transaction General Journal Debit Credit a View general journal Clear entry Record entry
Saved Help Save & Exit Submit Check my work Required 1 Required 2 Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the each account, assuming that Work in Process has a beginning balance of $34,000. Manufacturing Overhead Work in Process Debit Credit Credit Beginning balance Beginning balance Debit Ending balance Ending balance < Required 1