Warner Company purchases $53,000 of raw materials on account, and it incurs $63,700 of factory labor...

Warner Company purchases $53,000 of raw materials on account, and it incurs $63,700 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 enter an account title to record raw materials purchased on March 31 enter a debit amount enter a credit amount enter an account title to record raw materials purchased on March 31 enter a debit amount enter a credit amount (To record raw materials purchased) 31 enter an account title to record factory labor costs enter a debit amount enter a credit amount enter an account title to record factory labor costs enter a debit amount enter a credit amount (To record factory labor costs)

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Warner Company purchases $54,900 of raw materials on account, and it incurs $63,300 of factory labor...

Warner Company purchases $54,900 of raw materials on account, and it incurs $63,300 of factory labor costs. Supporting records show that (a) the Assembly Department used $30,600 of raw materials and $40,100 of the factory labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31...

Oriole Company purchases $52,900 of direct raw materials and it incurs $63,400 of direct factory labor costs.

Oriole Company purchases $52,900 of direct raw materials and it incurs $63,400 of direct factory labor costs.Record the two transactions using the following format. The materials and labor are for the Assembly Department and the Finishing Department. (Enter negative amounts using either a negative sign preceding the number e.g. (45).

Sunland Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials...

Sunland Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials of $41,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,700 was classified as indirect materials. 3. Factory labor costs incurred were $60,500, of which $50,600 pertained to factory wages payable and $9,900 pertained to employer payroll taxes payable. 4. Time tickets indicated that $54,800 was direct labor and $5,700 was indirect labor. 5. Manufacturing overhead costs incurred...

Purchased raw materials on account $46,300. 2. Raw Materials of $36,000 were requisitioned to the factory....

Purchased raw materials on account $46,300. 2. Raw Materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials. 3. Factory labor costs incurred were $59,900, of which $51,000 pertained to factory wages payable and $8,900 pertained to employer payroll taxes payable. 4. Time tickets indicated that $54,000 was direct labor and $5,900 was indirect labor. 5. Manufacturing overhead costs incurred on account were $80,500. 6. Depreciation on...

A department adds raw materials to a process at the beginning of the process and incurs...

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 42773 units were started into production in January; and there were 5174 units that were 78% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the month...

Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $379,000.

Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $51,000; indirect labor, $23,000; factory rent, $37,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...

During the current month, Cullumber Company incurs the following manufacturing costs. (a) Purchased raw materials of...

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Assume that indirect labor and raw materials purchases changed to $1,400 and $6,800 respectively. Also assume...

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1. During the current month, Waterway Company incurs the following manufacturing costs. (a) Purchased raw materials...

1. During the current month, Waterway Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,800 on account. (b) Incurred factory labor of $38,200. (c) Factory utilities of $3,800 are payable, prepaid factory property taxes of $2,810 have expired, and depreciation on the factory building is $9,800. Record the company’s manufacturing costs in its job order costing system. 2. During January, its first month of operations, Ayayai Company accumulated the following manufacturing costs: raw materials purchased $4,100 on...

Raw materials purchased on account, $210,000. Raw materials used in production, $191,000 ($152,800 direct materials and...

Raw materials purchased on account, $210,000. Raw materials used in production, $191,000 ($152,800 direct materials and $38,200 indirect materials). Accrued direct labor cost of $50,000 and indirect labor cost of $21,000. Depreciation recorded on factory equipment, $104,000. Other manufacturing overhead costs accrued during October, $130,000. The company applies manufacturing overhead cost to production using a predetermined rate of $7 per machine-hour. A total of 76,300 machine-hours were used in October. Jobs costing $513,000 according to their job cost sheets were...

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