Question

ACC 215 Chapter Threads Spring 2008 B A Share Comments W 29 4 O. t Pre Weave actress Markets by the products throwing departmen The following information is regarding the interes Beginning Ending Inventory into wwmaterials inventory Work in process inventory-Weaving 0,000 Work in process inventory-Sewing S0100000000 Fished on The following additional information describes the company's manufacturing acts for $ 500.000 3. 30 Raw materials purchases on credit) Factory was costa Other factory over t he counced Materials used Direct Weaving D- sme DirectSewing 1.500.000 Type here to search QW Ε RT YU 1 D S F G A H J K Z X CV B NM

Answer 1

Si the Books of Journal. Amagunt Amgurt Greneraal Jowrnal No. chion 500,000 a) 1. Rau materials A/e 500,000 To Accounts payable Aje. rauw makerials purchase I Boing eredit] fuco Ress Afe-. To Raw material Inventory Ae [Being dineet material used] 315000 2 6) wonk -im 335000 Dr. Overchend Nc - To Raw mateorial Invrentory Aje 120,000 120000 [Being indirect materrial vsed] woork -ia-proeess Inrentrysfe . De 1560000 To factory Payall Afe 1560000 used] [ being direet labouso us overhead A/e. Rr. 1500000 To factory Payrell Afe 1500000 L Being indireet Labour vsed] or. A/e - - Ovexhead 1776000 !776000 To Aceounts pagable Afe Lbeing ourhand Coest ineurred overhead Afe To W-1 Ale (8) 528000 528000 [Being ererhead under applied] (6)

Dineet Material Used Direct wearing Seuing. 240,000 1. Direet .75000 315000 Digreet Labour Used Divaat-weawing $ireet- Siwing 1,2 0,000 3 60,000 1560 000

Oveshead Indiseet Matemals 120,0 Indirect Labour > 1500,000 factong nagesl overhead Cost factorg Last+300OD00 156000 182600 1776000 1248000 Overohead rate Budget overhead [ 80 Y. direet labour] 1776000 tatal overohead 528000 @ underrapplied lost total wages Direet - 1560 000 wages ) factorg wages → 3060,000 4620000 wages A/e- To Cash A/L 4620000 30600 00 To wecounls payable Afe 1560 000 C keing wager paid which inelude7 cash payment of factory wages