会计学原理练习题19.ppt

Exercise 19-10 page 800 1) Factory overhead excluding indirect materials and indirect labor (record credit to Other Accounts). 2) Application of overhead to goods in process. Prepare journal entries for the following events for the month of May. Inventories April 30 May 31 Raw materials $43,000 $52,000 Goods in process 10,200 21,300 Finished goods 63,000 35,600 Activities and information for May: Raw materials purchases (paid with cash) 210,000 Factory payroll (paid with cash) 345,000 Factory overhead Indirect materials 15,000 Indirect labor 80,000 Other overhead costs 120,000 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct labor cost 70% Ind. Mtls. 15,000 Ind. Labor 80,000 Other OH 120,000 185,500 OH applied Underapplied OH 29,500 Factory Overhead Debit Credit 1) 120,000 120,000 2) 185,500 185,500 Factory overhead Other accounts Goods in process inventory ($265,000 x 70%) Factory overhead General Journal Factory Payroll 3 45,000 80,000 Ind. Labor 265,000 DL Used Factory Payroll 19 - 31 Exercise 19-10 page 800 Algorithm Inventories April 30 May 31 Raw materials $47,000 $38,000 Goods in process 10,800 21,600 Finished goods 56,000 34,200 Activities and information for May: Raw materials purchases (paid with cash) 197,000 Factory payroll (paid with cash) 177,000 Factory overhead Indirect materials 29,600 Indirect labor 26,600 Other overhead costs 41,600 Sales (received in cash) 930,000 Predetermined overhead rate based on direct labor cost 55% The following information is available for Lock-Safe Company, which produces special-order security products and uses a job order cost accounting system. 1) Factory overhead excluding indirect materials and indirect labor (record credit to Other Ac