Journalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,880. b. Incurred manufacturing wages of $9,400, of which 60% was for direct labor and 40% of which was for indirect labor. c. Purchased raw materials on account, $18,570. d. Used in production: direct materials, $7,950; indirect materials $3,530. e. Recorded manufacturing overhead: depreciation on plant, $14,680; plant insurance (previously paid), $1,310; plant property tax, $3,620 (credit Property Tax Payable).

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Journalize the following transactions for Becah's Bakery:

Becah's Bakery
a. Incurred and paid Website expenses, $2,880.
b. Incurred manufacturing wages of $9,400, of which 60% was for direct labor and 40% of which was for indirect labor.
c. Purchased raw materials on account, $18,570.
d. Used in production: direct materials, $7,950; indirect materials $3,530.
e. Recorded manufacturing overhead: depreciation on plant, $14,680; plant insurance (previously paid), $1,310; plant property tax, $3,620 (credit Property Tax Payable).
f. Allocated manufacturing overhead to jobs, 230% of direct labor costs.
g. Completed production on jobs with costs of $36,950.
h. Sold inventory on account, $25,950; cost of goods sold, $12,530.
i. Adjusted for overallocated or underallocated overhead.

 

Journal
Date Description Debit Credit
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f.      
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Manufacturing Overhead
Debit Credit
   
   
   
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