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Required information [The following information applies to the questions displayed below) Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labour hours. The following additional information is available for the company as a whole and for Jobs Panda (all doto and questions relate to the month of March): Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labour hour Estimated total direct labour-hours to be worked Total actual manufacturing overhead costs incurred $ 11,500 1.30 12,300 $ 14,000 Direct materials Direct labour Actual direct labour-hours worked Jobp $ 14,500 $ 19,600 1,480 5 $ Job 6,300 9.100 650 5. Assume the ending raw materials inventory is $1.300 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production (if no entry is required for a 14 of 21!!! Next > View transaction list Journal entry worksheet Record the purchases of raw materials on account.I Note: Enter debits before credits Credit Transaction Debit 24 100 24 100 General Journal Raw materials Accounts payable No journal entry required Work in process Raw materials 22.800 22.800 View general journal Clear entry Record entry 14 5 6 7 Record the issuance of direct materials for use in production. Note: Enter debits before credits Transaction General Journal Debit Credit 2 View general journal Record entry Clear entry 14 Next >

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