question archive Sunland Corporation incurred the following transactions 1

Sunland Corporation incurred the following transactions 1

Subject:AccountingPrice: Bought3

Sunland Corporation incurred the following transactions 1. 2. 3. 4. Purchased raw materials on account $49.400. Raw Materials of $41.300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $65.200, of which $51.300 pertained to factory wages payable and $13.990 pertained to employer payroll taxes payable. Time tickets indicated that $54.600 was direct labor and $10,600 was indirect labor. Manufacturing overhead costs incurred on account were $84,900, Depreciation on the company's office building was $8,300 Manufacturing overhead was applied at the rate of 150% of direct labor cost Goods costing 596,300 were completed and transferred to finished goods. Finished goods costing $10.700 to manufacture were sold on account for $111.600 5. 6. 7. 8. 9. Journalize the transactions. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Credit Debit No. Account Titles and Explanation

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE