Greivell manufacturing company has two production

Assignment Help Accounting Basics

Reference no: EM13596714

Greivell Manufacturing Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $3,800, Work in Process-Cutting $2,780, Work in Process-Assembly $10,530, and Finished Goods $31,340. During July, the following transactions occurred.

Purchased $61,050 of raw materials on account.
Incurred $55,370 of factory labor.
Incurred $69,020 of manufacturing overhead; $40,740 was paid and the remainder is unpaid.
Requisitioned materials for Cutting $15,160 and Assembly $9,320.
Used factory labor for Cutting $30,270 and Assembly $25,100.
Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,500 and Assembly 1,800.
Transferred goods costing $66,800 from the Cutting Department to the Assembly Department.
Transferred goods costing $134,460 from Assembly to Finished Goods.
Sold goods costing $149,670 for $200,240 on account.
Journalize the transactions.

Reference no: EM13596714

Questions Cloud

Prior to the closing of the overapplied or underapplied : hults corporation has provided data concerning the companys manufacturing overhead account for the month of november.

A manufacturing company prepays its insurance coverage for : a manufacturing company prepays its insurance coverage for a three-year period. the premium for the three years is 2700

Assume instead that the existing partners all of whom : following is the condensed balance sheet of martinez oneill and clemens partners who share profits or losses in the

Max nat and roberta formed a partnership to operate a : max nat and roberta formed a partnership to operate a dry-cleaning business. they agreed to share initial capital and

Greivell manufacturing company has two production : greivell manufacturing company has two production departments cutting and assembly. july 1 inventories are raw

During august the company produced 6000 units of product : a company established a direct material standard of 2 pounds of material at a cost of 6 per pound for unit produced.

St marks hospital contains 450 beds the average occupancy : st. marks hospital contains 450 beds. the average occupancy rate is 80 per month. in other words on average 80 of the

Store equipment is purchased on january 1 2002 at a cost of : part 1 store equipment is purchased on january 1 2002 at a cost of 14000 and 1000 was spent on its installation. the

Calculate the amount of depreciation to report during the : calculate the amount of depreciation to report during the year ended december 312010 for equipment that was purchased

User Account

All Pages