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I need help with the circled (e), (f), and (g) parts on the attached screenshot of the spreadsheet. They are on the right side of the image.

I need help with the circled (e), (f), and (g) parts on the attached screenshot of the spreadsheet. They are on the right side of the image.

I need help with the circled (e), (f), and (g) parts on the attached screenshot of the spreadsheet.  They are on the right side of the image.

1 Job Cost Journal Entries Prior to the beginning of 2019, Lowe Company estimated that it would incur
2 $176,000 of manufacturing overhead cost during 2019, using 16,000 direct labor hours to produce
3 the desired volume of goods. On January 1, 2019, beginning balances of Materials Inventory, Work-in-
4 Process Inventory, and Finished Goods Inventory were $28,000, S-0-, and $43,000, respectively.
To apply manufacturing overhead
6 Required
Rate
Hours
Overhead rate
Prepare general journal entries to record the following for 2019:
7
$
Rate
Hours
8
a. Purchased materials on account, $39,000.
Labor hours
b. Of the total dollar value of materials used, $31,000 represented direct materials and $11,000
Applied overhead
10
indirect materials.
11
c. Determined total factory labor, $135,000 (15,000 hrs. @ $9/hr.).
12
d. Of the factory labor, 80 % was direct and 20% indirect.
13
e. Applied manufacturing overhead based on direct labor hours to work-in-process.
f. Determined actual manufacturing overhead other than those items already recorded, $92,000.
(Credit Accounts Payable.)
g. Ending inventories of work-in-process and finished goods were $32,000 and $57,000, respectively.
14
To record other manufacturing overhead incurred.
15
16
g.
17
To record cost of finished goods
Determine the cost of finished goods (credit WIP) and the cost of goods sold (credit FG
inventory). Make separate entries.
h. Transferred the balance in Manufacturing Overhead to Cost of Goods Sold.
18
19
Work in process:
20
Beginning balance
Charges per entries:
21
22
b.
General Journal
23
d.
24 Item
Debit
Credit
Description
e.
Raw Materials Inventory
25 a.
Total cost
39,000
Accounts Payable
Purchased materials on account.
Less ending balance
Cost of finished goods
26
39,000
27
28
29 b.
Work in process
31,000
Manufacturing overhead
Raw materials inventory
11,000
30
31
42,000
To record cost of goods sold.
To record requisition of direct material and indirect material.
32
33
Finished goods:
34 c.& d.
Work in process (80%)
108,000
Beginning balance
Cost of goods manufactured
Finished goods available
Less: Ending balance
Cost of goods sold
Manufacturing overhead
Factory payroll
To record distribution of employee wages
35
27,000
36
135,000
37
38
39
40
41
42
43
44
45
46
To transfer over-applied overhead to the Cost of Goods Sold account.
Manufacturing overhead:
Charges per entries:
d.
47
f
48
49
Total actual overhead
Applied overhead
50
Over-applied overhead
51
52
53
54
manish jayant 10-Sep-2020

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