Scarora hardwoods a custom manufacturer of furniture uses

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Scarora hardwoods, a custom manufacturer of furniture, uses job-order costing. the following transactions to support job mrs-55 for a custom meeting room set-a large table plus 16 chairs-occurred in january:

(a) purchased $10,000 of raw materials.

(b) issued $500 of supplies from raw-material inventory.

(c) purchased $7,000 of raw material.

(d) paid for the raw material purchased in transaction (a).

(e) issued $8,500 in raw material to the production department.

(f) incurred production labor costs of $12,500, which were credited to payroll payable.

(g) paid $23,250 cash for utilities, power, equipment maintenance, and miscellaneous items for the manufacturing plant.

(h) applied overhead on the basis of 185 percent of $8500 in material costs.

(i) recognized depreciation on manufacturing property, plant, and equipment of $6250. prepare journal entries to record these transactions.

Reference no: EM13572543


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