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Materials Proble 8 and 9
Materials Proble 8 and 9
1) Specific Job
To record the cost of production
Work in Process 1,760,000.00
Materials (400 X 2,000) 800,000.00
Payroll (200 X 2,000) 400,000.00
Factory Overhead Applied (400,000 X 140%) 560,000.00
A)
2) All Production
To record the cost of production
Work in Process 1,800,000.00
Materials (400 X 2,000) 800,000.00
Payroll (200 X 2,000) 400,000.00
Factory Overhead Applied (400,000 X 150%) 600,000.00
2) All Production
To record the cost of production
Work in Process 2,500,000.00
Materials 5,000 X 200 1,000,000.00
Payroll 5,000 X 120 600,000.00
Factory Overhead Applied 5,000 X 120 X 150% 900,000.00
500.00
200.00
120.00
180.00
3,000.00 19,800,000.00
1,200,000.00 - 600,000.00
200.00 19,200,000.00
3,200.00 3,200.00