Question

Stanton Co's July transactions included the following: a. Purchased materials on account cost $35,000. b. Requisitions for $8,000 of direct materials and $2,000 of indirect materials were filled for the store room. c. Factory payroll totaling $9,400 consisted of $7,600 direct labor and $1,800 indirect labor. d. Depreciation of $1,200 on factory equipment was recorded. e. A Job order was completed with $1,830 of direct labor and $1,450 of materials previously charged to the order. Factory overhead is to be applied at 66 2/3% of direct labor cost. f. Miscellaneous factory overhead of $1,250 was accrued. g. The Job order referred to the transaction (e) was shipped to Dixon Associates, who were billed for $6,100. Required: Prepare the journal entries to record the transactions.

Answer 1

journal entries are as follows:

No	Accounts name	Debit	Credit
a.	Materials	35000
	Accounts payable		35000
b.	Work in process	8000
	Factory overhead control	2000
	Materials		10000
c.	Payroll	9400
	Accrued payroll		9400
	Work in process	7600
	Factory overhead control	1800
	Payroll		9400
d	factory overhead control	1200
	Accumulated depreciation		1200
e.	Work in process (1830 * 66 2/3%)	1220
	Applied factory overhead		1220
	Finished goods (1450 + 1830 + 1220)	4500
	Work in process		4500
f.	Factory overhead control	1250
	Accounts payable		1250
g	Accounts receivable	6100
	Sales revenue		6100
	Cost of goods sold	4500
	Finished goods		4500