Telstar Uses Job Order Costing The T Accounts Below Summarize Its Production Activity For The Year Raw Materials Inven 1 (105.37 KiB) Viewed 19 times
Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Factory Wages Payable Debit Credit Credit 45,500 24,750 8,500 Work in Process Inventory Debit Credit 24,750 86,250 103,184 170,820 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used 126,500 86,250 40,750 Finished Goods Inventory Debit Credit 170,820 153,790 c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Factory Overhead Debit 8,500 40,750 61,870 Credit 103,184
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) < Required 1 Required 2 >
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount that overhead is overapplied or underapplied. Overapplied overhead < Required 1 Required 2 >
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