Reference no: EM133042084
Question - A.B.C furniture Inc manufactures bookshelves. The total manufacturing cost for September is as follows. B. Assuming beginning balance of Row material $64820 dr, Work in process $48,370 dr, finished goods $32,090 dr
a) Raw marital purchased $92,430.00
b) Raw material used - direct materials $82,475.00 indirect materials, $16,175.00
c) Factory wage earned $106,620.00
d) Factory wage allocated direct labor-$84,060, indirect labor $22,560
e) Other overhead cost incurred $30,563 (credit the total to voucher payable)
f) Estimated manufacturing overhead cost applied to jobs worked on $67,248
g) Finished goods transferred to ware house $229,348
h) Finished goods sold and shipped to customer $231,898
i) Finished goods sold and billed to customer $336,252
Required -
a) Record all the summarized transactions in a general journal form.
b) Post to T-account & determine the end balances of WIP inventory.
c) Prepare statement of cost of goods manufactured.
d) Dispose under applied or over applied, if any under:
i. Direct write of method
ii. Proration method
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