1.
Purchase
of materials direct or indirect on credit$89,000.
Materials
control $89000
Account
payable control $89000
2.
Usage/requisition
of direct materials $81,000 and indirect materials $4,000.
Work-in-process
control $81000
Manufacturing overhead control $4000
Materials
control $85000
3.
Manufacturing
payroll for February, direct labor, $39000, and indirect labor, $15,000 pain in
cash.
Work-in-process
control $39000
Manufacturing overhead control $15000
Cash $54000
4.
Other
manufacturing costs incurred during February, $75,000,consisting of supervision
and engineering
salaries $44,000 (paid in cash);plant utilities, repairs and insurance, $13,000
(paid in cash) and plant depreciation, $18,000.
Manufacturing
Overhead Control $75,000
Cash control $57,000
Accumulated
depreciation Control $18,000
5.
Allocation
of manufacturing overhead to jobs, $80,000
Work-in-process
control $80,000
Manufacturing Overhead control $80,000
6.
Completion
and transfer of individual jobs to finished goods $188,500
Finished
goods control $188500
Work-in-process $188500
7.
Cost of
goods sold $180,000.
Cost of
Goods sold $180,000
Finished
Goods Control $180,000
8.
Marketing
cost for February $45,000 and customer service cost for February $15,000 were paid
in cash.
Marketing
Expense $45,000
Customer Service expense $15,000
Cash $60,000
9.
Sales
revenue all on credit $270,000.
Account
Receivables Control $270,000
Sales revenue $270,000
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