Reference no: EM132573965
Question - Records extracted from the books of Transatlantic Corporation for 2019
1. Purchase $20,000 of raw materials for cash.
2. Requisitioned $17,000 for production ($12,000 for job A and $12,000 for job Z).
3. The Company incurs labor cost for work done on the raw materials ($8,000 for job A and $2,000 for job Z).
4. $100 of glue is used to build the units, the glue cannot be traced to specific jobs.
5. The company incurs $2,000 of salary cost for its production supervisor.
6. The Company incurs $900 of janitorial for its factory.
7. The Company incurs $700 of janitorial for its sales department.
8. The factory incurs $4,000 cost of rent.
9. The Company applies $5,000 of manufacturing overhead to job A. The Company applies $1,000 of manufacturing overhead to job Z.
10. The job A is completed.
11. The Job A is sold.
Required - Post journal entries for the above information for year 2019?
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