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Record the activities using the t accounts

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Reference no: EM13257523

Using the T accounts shown below, record the following activities.

a) Materials purchased during thequarter were $210,000.

b) Materials issued to the factorywere $228,000 (total); indirect materials were $16,600

c) Labor costs for the factorywere $363,000 (total); indirect labor costs were $41,000

d) Various manufacturing overheadexpenses were paid for a total of $85,100

e) Manufacturing overhead costsare allocated to production at 30% of direct labor costs

f) The cost of goodscompleted was $621,000

MaterialsInventory                                                     Work in Process
DR                             CR                                 DR                               CR Bal.328,000

ManufacturingOverhead                                           Finished GoodS

DR                              CR                                   DR                                    CR

Bal.35,200                                                           Bal.190,000      

Cash                                                              Payroll - Wages Payable

DR                          CR                                          DR                               CR

Reference no: EM13257523

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