Question

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Answer 1

No	Account titles and explanation	Debit	Credit
1	Accounts payable	$5,439
	Raw material inventory		$5,439
	Wages payable	$5,329
	Cash		$5,329
	Manufacturing overhead	$1,443
	Accumulated depreciation-Equipment		999
	Accounts payable		444
2.	Work in process inventory	$5,439
	Manufacturing overhead	1,665
	Raw material inventory		$7,104
	Work in process inventory	$3,997
	Manufacturing overhead	1,332
	Wages payable		$5,329
	Work in process inventory (3,997*$1.25)	$4,996
	Manufacturing overhead		$4,996
3.	Finished goods inventory ($2,886+2,676+3,345)	$8,907
	Work in process inventory		$8,907
	Cash	$20,979
	Sales		$20,979
	Cost of goods sold	$8,907
	Finished goods inventory		$8,907

	Direct material	Direct labor	Manufacturing overhead
Rodgers	$888	$944	$1,180 (944*1.25)
Stevens	555	400	500 (400*1.25)
Linton	1,443	1,332	1,665 (1,332*1.25)
Total	$2,886	$2,676	$3,345