Mesa umpan p oduces w u en ro u Irnventury and then are suld. cha rs. The cu \"p
ID: 2341347 • Letter: M
Question
Mesa umpan p oduces w u en ro u Irnventury and then are suld. cha rs. The cu "purly has nu produc ur' departments ulling r'd use 'bly. he wou cu and sanded in u rzg and elen tans erred w ss rmb y w be sen b ed parted Frur" ·the hars are rans ered u Frist ed Gu ssem Mesa has compied the folowing inforrmatiun for the month of February. Cuttirg Asembly Direct materials Diroct labor Applied marufacturing awarhead Cost of goods campltad and transiamd out 5 82,00O S 12,000 9G,000 17G,000 272,000 74,000 150,000 219,000 Required 1, 2 3 & 4. Presare lu urnal entries ur tte ransa: 'uris "I lhe Cu rig t nd Assembl Deparinen s or Mesa Cornpany. If no ntry is required fora transaction event, select No Journal Entry Required in ve first account field. Vlew transactlon Ilst Journal entry worksheet Record the transfer of materies to pruduction in the Cutting departrment Debit Credit Record entry Clear entry View general journalExplanation / Answer
Transaction no. General Journal Debit Credit 1 Work in Process - Cutting $ 82,000.00 Raw Material Inventory $ 82,000.00 (Raw material used) 2 Work in Process - Cutting $ 74,000.00 Direct Labor $ 74,000.00 (Direct labor cost) 3 Work in Process - Cutting $ 150,000.00 Manufacturing Overhead $ 150,000.00 (Manufacturing overhead applied) 4 Work in Process - Assembly $ 219,000.00 Work in Process - Cutting $ 219,000.00 (Cost of Goods transferred to next department) 5 Work in Process - Assembly $ 12,000.00 Raw Material Inventory $ 12,000.00 (Raw material used) 6 Work in Process - Assembly $ 96,000.00 Direct Labor $ 96,000.00 (Direct labor cost) 7 Work in Process - Assembly $ 176,000.00 Manufacturing Overhead $ 176,000.00 (Manufacturing overhead applied) 8 Finished Goods Inventory $ 272,000.00 Work in Process - Assembly $ 272,000.00 (Cost of Goods transferred to finished inventory)