Sandhill Manufacturing Company has two production departments: machining and assembly. During the month of January,...
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Accounting
Sandhill Manufacturing Company has two production departments: machining and assembly. During the month of January, the following transactions occurred:
1.
Requisitioned $15,880 in direct materials for machining and $14,160 in direct materials for assembly.
2.
Used factory labour of $22,110 for machining and $17,270 for assembly.
3.
Applied overhead at the rate of $18 per machine hour. Machine hours were 1,350 in machining and 1,656 in assembly.
4.
Transferred goods costing $58,396 from the machining department to the assembly department.
5.
Transferred goods costing $112,350 from assembly to Finished Goods.
6.
Sold goods costing $127,450 for $151,830 on account.
Prepare the required entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
enter an account title to record direct materials used
enter a debit amount
enter a credit amount
enter an account title to record direct materials used
enter a debit amount
enter a credit amount
enter an account title to record direct materials used
enter a debit amount
enter a credit amount
(To record direct materials used)
enter an account title to assign factory labour to production
enter a debit amount
enter a credit amount
enter an account title to assign factory labour to production
enter a debit amount
enter a credit amount
enter an account title to assign factory labour to production
enter a debit amount
enter a credit amount
(To assign factory labour to production)
enter an account title to assign manufacturing overhead to production
enter a debit amount
enter a credit amount
enter an account title to assign manufacturing overhead to production
enter a debit amount
enter a credit amount
enter an account title to assign manufacturing overhead to production
enter a debit amount
enter a credit amount
(To assign manufacturing overhead to production)
enter an account title to record transfer of units to the assembly department
enter a debit amount
enter a credit amount
enter an account title to record transfer of units to the assembly department
enter a debit amount
enter a credit amount
(To record transfer of units to the assembly department)
enter an account title to record transfer of units to finished goods
enter a debit amount
enter a credit amount
enter an account title to record transfer of units to finished goods
enter a debit amount
enter a credit amount
(To record transfer of units to finished goods)
enter an account title to record cost of units sold
enter a debit amount
enter a credit amount
enter an account title to record cost of units sold
enter a debit amount
enter a credit amount
(To record cost of units sold)
enter an account title to record sale of units on account
enter a debit amount
enter a credit amount
enter an account title to record sale of units on account
enter a debit amount
enter a credit amount
(To record sale of units on account)
Answer & Explanation
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