a. Purchased materials on account, $400,000 b. Requisitioned direct materials and used direct...
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Accounting
a. Purchased materials on account, $400,000 b. Requisitioned direct materials and used direct labor in construction. Recorded the materials requisitioned Direct Materials Direct Labor House 402 $ House 403 House 404 House 405 52,000 $ 64,000 61,000 83,000 47,000 32,000 58,000 51,000 C. The company incurred total wages of $290,000. Use the data from Item b to assign the wages. Wages are not yet paid d. Depreciation of construction equipment, S6,400 e. Other overhead costs incurred: Equipment rentals paid in cash, S35,000; Worker liability insurance expired, $9,000 f. Allocated overhead to jobs. g. Houses completed: 402, 404 h. House sold on account: 404 for $250,000
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