1. Prepare journal entries for the December 31 payroll. ...
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Accounting
1.
Prepare journal entries for the December 31 payroll.
2.
Use T-accounts to compute the following:
a.
The total amount of materials requisitioned into work in process during December
b.
The total amount of direct manufacturing labor recorded in work in process during December(Hint: You have to solve requirements 2b and 2c simultaneously)
c.
The total amount of manufacturing overhead recorded in work in process during December
d.
Ending balance in work in process, December 31
e.
Cost of goods sold for December before adjustments for under- or overallocated manufacturing overhead
3.
Prepare closing journal entries related to manufacturing overhead. Assume that all under- or overallocated manufacturing overhead is closed directly to Cost of Goods Sold.
Data Table Print Done Beginning Balance 12/1 2,000 6,600 Ending Balance 12/30 Materials Control Work-in-Process Control Manufacturing Department Overhead Control Finished Goods Control 8,400 8,900 93,500 19,300 4,300 Print Done
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