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Prepare the appropriate general journal entries

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Question - From the following transactions, prepare the appropriate general journal entries for the month of April.

(1) Raw materials costing $60,000 were issued from the storeroom.

(2) Direct labor of $53,000 was charged to production.

(3) Indirect labor costs of $17,000 were incurred.

(4) Overhead was applied at the rate of 40% of direct labor dollars.

(5) Completed products costing $42,000 were transferred to finished goods.

(6) Products costing $32,000 were sold.

Reference no: EM132217749

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