Question

Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,200, and manufacturing overhead $20,200. As of January 1, Job No. 49 had been completed at a cost of $120,200 and was part of finished goods inventory. There was a $25,500 balance in the Raw Materials Inventory account. During the month of January, Bertrand Manufacturing began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $152,000 and $199,000, respectively. The following additional events occurred during the month: 1. Bertrand purchased additional raw materials of $100,000 on account. 2. It incurred factory labour costs of $75,400. Of this amount, $18,200 related to employer payroll taxes. 3. It incurred manufacturing overhead costs as follows: indirect materials $18,200, indirect labour $17,100, depreciation expense $14,400, and various other manufacturing overhead costs on account $22,700. 4. It assigned direct materials and direct labour to jobs as follows: Direct Labour Job No. 50 Direct Materials $12,500 42,400 35,200 51 $7,000 28,100 22,200 52 (a) (6) v (c) Your answer is partially correct. Try again. Prepare the journal entries to record the purchase of raw materials, the factory labour costs incurred, and the manufacturing overhead costs incurred during the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Raw Materials Inventory 100000 ✓ Accounts Payable 100000 v 2. Factory Labour 57200 x Employer Payroll Taxes Payable 18200 Factory Wages Payable 75400

Answer 1

No.	Account Titles	Debit	Credit
1.	Raw Materials Inventory	100000
	Accounts Payable		100000
2.	Factory Labor	75400
	Factory Wages payable		57200
	Employer Payroll Taxes payable		18200
3.	Manufacturing Overhead	72400
	Factory Labor		17100
	Accumulated Depreciation		14400
	Raw Material Inventory		18200
	Accounts Payable		22700