Please omit explainations ET Mag Wheels of Benicia, California had the following transactions during the month of July :
Purchased raw materials on account, $
Raw Materials of $ were requisitioned to the factory. An analysis of the materials requisition slips
indicated that $ was classified as indirect materials.
Factory labor costs incurred were $ of which $ pertained to factory wages payable and
$ pertained to employer payroll taxes payable.
Time tickets indicated that $ was direct labor and $ was indirect labor.
Overhead costs incurred on account were $
Manufacturing overhead was applied at the rate of of direct labor cost.
Goods costing $ are still incomplete at the end of the month; the other goods were completed and
transferred to finished goods.
Finished goods costing $ to manufacture were sold on account for $
At the beginning of July, work in process inventory was $
Instructions:
Using Word or Excel, Journalize in proper journal entry form, the above transactions for ET Mag Wheels for
the month of July you do NOT need to provide explanations.
