Telstar uses job order costing. The Taccounts below summarize its production activity for the year.
tableRaw Materials InventoryDebitCredit
tableFactory Wages Payable,Factory OverheadDebitCredit,Debit,Credit
tableDebitCredittable
tabletableFinished GooDebittableInventoryCredit
Compute the amount for each of the following.
a Direct materials used
b Indirect materials used
c Direct labor used
d Indirect labor used
e Cost of goods manufactured
f Cost of goods sold before closing overor underapplied overhead
Compute the amount that overhead is overapplied or underapplied.
Complete this question by entering your answers in the tabs below.
Compute the amount for each of the following.
tablea Direct materials usedb Indirect materials usedc Direct labor usedd Indirect labor usede Cost of goods manufacturedf Cost of goods sold before closing overor underapplied overhead
