a. Incurred and paid Web site expenses, $2,700. b. Incurred manufacturing wages of $18,000, 55% of which was direct labor and 45% of which was indirect labor. c. Purchased raw materials on account, $16,000. d. Used in production: direct materials, $9,500; indirect materials, $4,000. e. Recorded manufacturing overhead: depreciation on plant, $19,000; plant insurance (previously paid), $1,300; plant property tax, $3,400 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 170% of direct labor costs. g. Completed production on jobs with costs of $34,000. h. Sold inventory on account, $24,000; cost of goods sold, $10,000. i. Adjusted for overallocated or underallocated overhead.

a. Incurred and paid Web site expenses, $2,700. b. Incurred manufacturing wages of $18,000, 55% of which was direct labor and 45% of which was indirect labor. c. Purchased raw materials on account, $16,000. d. Used in production: direct materials, $9,500; indirect materials, $4,000. e. Recorded manufacturing overhead: depreciation on plant, $19,000; plant insurance (previously paid), $1,300; plant property tax, $3,400 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 170% of direct labor costs. g. Completed production on jobs with costs of $34,000. h. Sold inventory on account, $24,000; cost of goods sold, $10,000. i. Adjusted for overallocated or underallocated overhead.

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Description: journalize the following transactions please with explanations a. Incurred and paid Web site expenses, $2,700.b. Incurred manufacturing wages of $18,000, 55% of which was direct labor and 45% of which wasindirect labor.c. Purchased raw materials on a

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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