Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Raw materials purchased on account $1412000 Direct materials requisitioned into production...

Raw materials purchased on account $1412000 Direct materials requisitioned into production 1299500 Indirect materials requisitioned

Raw materials purchased on account…………… $1,412,000
Direct materials requisitioned into production……….. 1,299,500
Indirect materials requisitioned into production………… 98,000
Direct labor cost (7,900 hours @$40 per hour)………… 316,000
Indirect labor cost (10,200 hours @ $16 per hour)………. 163,200
Depreciation on the factory building…………… 190,500
Depreciation on the factory equipment………….. 890,700
Utilities for the factory………………… 79,600
Cost of jobs finished………………….. 2,494,200
Cost of jobs sold…………………….. 2,380,000
Sales (all on account)………………… 3,570,000

Required:
Prepare journal entries to record Quark’s transaction for the month of January. Do not close out the manufacturing overhead account

 

Quark Spy Equipment manufactures espionage equipment Quark uses

Apr 26 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions