ournalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,920. b. Incurred manufacturing wages of $10,900, of which 80% was for direct labor and 20% of which was for indirect labor. c. Purchased raw materials on account, $18,130. d. Used in production: direct materials, $8,100; indirect materials $3,670. e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,460; plant property tax, $3,720 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $35,240. h. Sold inventory on account, $25,040; cost of goods sold, $12,310. i. Adjusted for overallocated or underallocated overhead. Journal Date Description Debit Credit a. a. b. b. b. c. c. d. d. d. e. e. e. e. f. f. g. g. h. h. h. h. i. i.

ournalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,920. b. Incurred manufacturing wages of $10,900, of which 80% was for direct labor and 20% of which was for indirect labor. c. Purchased raw materials on account, $18,130. d. Used in production: direct materials, $8,100; indirect materials $3,670. e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,460; plant property tax, $3,720 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. g. Completed production on jobs with costs of $35,240. h. Sold inventory on account, $25,040; cost of goods sold, $12,310. i. Adjusted for overallocated or underallocated overhead. Journal Date Description Debit Credit a. a. b. b. b. c. c. d. d. d. e. e. e. e. f. f. g. g. h. h. h. h. i. i.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 12PB: The following data summarize the operations during the year. Prepare a journal entry for each...

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a. Incurred and paid Website expenses, $2,920.
b. Incurred manufacturing wages of $10,900, of which 80% was for direct labor and 20% of which was for indirect labor.
c. Purchased raw materials on account, $18,130.
d. Used in production: direct materials, $8,100; indirect materials $3,670.
e. Recorded manufacturing overhead: depreciation on plant, $14,410; plant insurance (previously paid), $1,460; plant property tax, $3,720 (credit Property Tax Payable).
f. Allocated manufacturing overhead to jobs, 230% of direct labor costs.
g. Completed production on jobs with costs of $35,240.
h. Sold inventory on account, $25,040; cost of goods sold, $12,310.
i. Adjusted for overallocated or underallocated overhead.

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