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horsena [70]
3 years ago
5

During January, its first month of operations, Dieker Company accumulated the following manufacturing costs; raw materials $4,80

0 on accounts, factory labor $7,900 of which $5,400 relates to factory wages payable and $2,500 relates to payroll taxes payable, and utilities payable $2,700.
Prepare separate journal entries for each type of manufacturing cost.
Business
1 answer:
aev [14]3 years ago
6 0

Answer:

J1

Work - In - Process $4,800 (debit)

Raw Materials $4,800 (credit)

J2

Work - In - Process $7,900 (debit)

Salaries and Wages Payable $5,400 (credit)

Payroll taxes payable $2,500 (credit)

J3

Work - In - Process $2,700 (debit)

Utilities Payable $2,700 (credit)

Explanation:

All cost accumulations to be done in the Work - In - Process Account.

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2 years ago
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