Answer:
Debit Work in Process Inventory $140,000
Debit Factory Overhead $24,000
Credit Raw Materials Inventory $164,000.
Explanation:
Preparation of The journal entry to record the issuance of materials to production
Based on the information given The journal entry to record the issuance of materials to production is:
Debit Work in Process Inventory $140,000
($164,000-$24,000)
Debit Factory Overhead $24,000
Credit Raw Materials Inventory $164,000
(To record the issuance of materials to production)
Answer:
$370,000
Explanation:
Net Cost of the purchasing the new gear will be as follows
Total cost of new gear hob = $450000
less:sale value of old hobber at present market value $80000
Net first cost =$450000-$80000
= $370000
$8000 because you divide 5000 by 100 multiply it by 7.5 then by 2 and that gets you the interest after 1 year. Then you multiply it by 4 for 4 years and then add 5000 and you get $8000
The answer is C. A lot of people have to work until a certain age and then they get pension checks from the gov.
Answer:
Date Account Title and Explanation Debit Credit
XXXX Cost of goods sold $5,800
To manufacturing overhead $5,800
(Entry for unapplied overhead transfer to cost of goods sold)