Here is some basic data for Sarasota Manufacturing:Cost of ...

[asan beg]

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 incurred	75,000
Manufacturing overhead costs incurred, including indirect materials	95,000
Cost of goods completed	226,750
Cost of goods sold	138,000
Beginning raw materials inventory	15,000
Beginning work in process inventory	32,000
Beginning finished goods inventory	31,000
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.

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[asan beg]

Thanks for the timely response, appreciate it

[recede]

Excellent