Homework Answers
| 1. JEs for Dec.31 payroll | Debit | Credit |
| WIP control | 8600 | |
| Mfg. dept. OH control | 2800 | |
| Cash | 11400 |
| 2.. Total amount of materials requisitioned into WIP during Dec. | ||
| Materials control a/c | ||
| Beginning balance | 4200 | |
| Purchases during Dec | 132600 | |
| Materials requisitioned into WIP during Dec.(plug-in) --------------------(ANSWER) | 119800 | |
| Ending Balance | 17000 | |
| 136800 | 136800 | |
| 2.b.Amt. of direct mfg. labor recorded in WIP during Dec | |
| Cost of goods manufactured for Dec(Given) | 468000 |
| Materials requisitioned (as found in 2.a.) | 119800 |
| Mfg.labor (suppose) | (X+8600) |
| Mfg.OH applied (Given 110% *D/L cost) | 110%*(x+8600) |
| So,forming an equation, | |
| 468000=119800+(x+8600)+(1.1*(x+8600)) | |
| Total Mfg. Labor, for Dec(157210+8600)= | 165810 |
| 2. c.Total Amt. of mfg. OH recorded in WIP during Dec | |
| 165810*110% | |
| 182391 | |
| d..WIP control a/c | ||
| Beg. Balance | 13400 | |
| Materials requisitioned into WIP during Dec. | 119800 | |
| MFG. Labor (as in 2.b.) | 165810 | |
| Applied mfg. OH (as in 2.c.) | 182391 | |
| Cost of goods manufactured | 468000 | |
| Ending balance (ANSWER) | 13401 | |
| 481401 | 481401 |
| e.Cost of Goods Sold for Dec. | |
| Op.Finished goods | 8800 |
| Add: COG mfd. | 468000 |
| Less: Cl.fin.gds. | -38800 |
| COGS | 438000 |
| 3.. | ||
| 3...Actual MFG. OH incurred for Dec.(188000+2800)= | 190800 | |
| Mfg. OH applied as in WIP control a/c | 182391 | |
| MFG. OH under-applied | 8409 | |
| Mfg. OH control a/c | ||
| Incurred till dec 30 | 188000 | |
| Dec 31,Ind.labor | 2800 | |
| Applied to WIP | 182391 | |
| Under-applied OH trfd. To COGS | 8409 | |
| 190800 | 190800 | |
| Journal Entry | ||
| COGS | 8409 | |
| Mfg. OH control a/c | 8409 | |
| COGS= 438000+8409= | 446409 | |
| Or | 446410 | |
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