Question
RC Corp. uses a job order cost accounting system. During the month of April, the following events occurred:
(a) Purchased raw materials on credit, $32,000.
(b) Raw materials requisitioned: $25,800 as direct materials and $10,500 indirect materials.
(c) Paid factory payroll for the month totaling $37,700 which includes $8,200 indirect labor.
(d) Assigned the factory payroll to jobs and overhead.
Make the necessary journal entries to record the above transactions and events. (Use letters above as dates.
(a) Purchased raw materials on credit, $32,000.
(b) Raw materials requisitioned: $25,800 as direct materials and $10,500 indirect materials.
(c) Paid factory payroll for the month totaling $37,700 which includes $8,200 indirect labor.
(d) Assigned the factory payroll to jobs and overhead.
Make the necessary journal entries to record the above transactions and events. (Use letters above as dates.
Answers
Anonymous
Letter A raw materials inventory 32,000
Letter A accounts payable 32,000
Letter B Goods in process inventory 25,800
Letter B factory overhead 10,500
Letter B raw materials inventory 36,300
Letter C factory payroll 37,700
Letter C cash 37,700
Letter D good in process inventory 29,500
Letter D factory overhead 8,200
Letter D factory payroll 37,700
Letter A accounts payable 32,000
Letter B Goods in process inventory 25,800
Letter B factory overhead 10,500
Letter B raw materials inventory 36,300
Letter C factory payroll 37,700
Letter C cash 37,700
Letter D good in process inventory 29,500
Letter D factory overhead 8,200
Letter D factory payroll 37,700