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Prepare journal entries to record the production activities

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Question: 1. Prepare journal entries to record the following production activities.

1. Incurred total labor cost of $77,000, which is paid in cash.

2. Used $58,000 of direct labor in production.

3. Used $19,000 of indirect labor.

2. Prepare journal entries to record the following production activities.

1. Transferred completed products with a cost of $137,000 to finished goods inventory.

2. Sold $450,000 of products on credit. Their cost is $150,000.

Reference no: EM131538460

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