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Author Question: Here is some basic data for Sarasota Manufacturing:Cost of materials purchases on account$75,000Cost ... (Read 29 times)

asan beg

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on: Jan 4, 2020
Here is some basic data for Sarasota Manufacturing:

Cost of materials purchases on account$75,000
Cost of materials requisitioned (includes $2,000 of indirect)43,000
Direct labour costs incurred75,000
Manufacturing overhead costs incurred, including indirect materials95,000
Cost of goods completed226,750
Cost of goods sold138,000
Beginning raw materials inventory   15,000
Beginning work in process inventory32,000
Beginning finished goods inventory31,000
Predetermined manufacturing overhead rate (as % of direct labour cost)125%

The journal entry to record actual manufacturing overhead costs includes a
◦ debit to work in process inventory for $93,750.
◦ debit to manufacturing overhead for $95,000.
◦ credit to manufacturing overhead for $93,750.
◦ credit to work in process inventory for $95,000.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by asan beg on Jan 4, 2020

SVictor

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Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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asan beg

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Reply 2 on: Jan 4, 2020
Excellent

lindahyatt42

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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