Please help , its in 2 pictures Journal Entries, T-Accounts...
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Please help , its in 2 pictures
Journal Entries, T-Accounts Ehrling Brothers Company makes jobs to customer order. During the month of July, the following occurred: a. Materials were purchased on account for $45,760. b. Materials totaling $40,880 were requisitioned for use in producing various jobs. c. Direct labor payroll for the month was $25,600 with an average wage of $16 per hour. d. Actual overhead of 58,870 was incurred and paid in cash. e Manufacturing overhead is charged to production at the rate of $5.40 per direct labor hour. 1. Completed jobs costing $59,000 were transferred to Finished Goods. 4. Jobs costing $59,000 were sold on account for $ 73,750. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs Beginning balances as of July 1 were: Materials Inventory $1,300 Work-in-Process Inventory 3.400 Finished Goods Inventory 2,640 Required: 1. Prepare the journal entries for the preceding events d. Previous Next > 1 1 1 0 0 1 I 9 (1). 9 (2) 2. Calculate the ending balances of: a. Materials Inventory b. Work-In-Process Inventory noun c. Overhead Control d. Finished Goods Inventory
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