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Mekhanik [1.2K]
3 years ago
15

Wilturner Company incurs $74,000 of labor related directly to the product in the Assembly Department, $23,000 of labor not direc

tly related to the product but related to the Assembly Department as a whole, and $10,000 of labor for services that help production in both the Assembly and Finishing departments. The journal entries to record the labor would include:
Business
1 answer:
Stels [109]3 years ago
5 0

Answer:

Dr Work in Process Inventory 97,000 and Dr Factory Overhead 10,000

Explanation:

Wilturner Company journal entries to record the labor will be to Debit work in process inventory with 97,000 because the company incurs $74,000 of labor which was related directly to the product in the Assembly Department and the $23,000 of labor was not directly related to the product and then Debit Factory Overhead with 10,000.

Dr Work in Process Inventory 97,000

($74,000+$23,000)

Debit Factory Overhead 10,000

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Answer:

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Explanation:

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3 years ago
Melissa is a minor who agrees to purchase a car from Umberto for $10,000 one month after she turns eighteen years of age. On tur
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Answer:

enforceable because it has been expressly ratified by Melissa.

Explanation:

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the answer is $ 300

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3 years ago
When a company is using double-entry accounting, what elements of a given ledger must be equal?
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<span>When a company is using double-entry accounting, the elements of a given ledger that must be equal are the debit and the credit. They should reflect the balance of the books. There should be an equal amount in the debit column and in the credit column.</span>
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