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3 years ago

During the current month, Tomlin Company incurs the following manufacturing costs.

Business

1 answer:

Marina86 [1]3 years ago

7 0

Answer:

(a) Dr Raw materials inventory $16,940

Cr Accounts payable $16,940

(b) Dr Factory labor $38,528

Cr Factory wages payable $32,281

Cr Employer Payroll Taxes Payable $6,247

Cr Prepaid Property Taxes $2,008

Cr Accumulated Depreciation-Buildings $8,322

Cr Utilities Payable $3,108

Explanation:

Preparation of journal entries for each type of manufacturing cost.

(a) Dr Raw materials inventory $16,940

Cr Accounts payable $16,940

(b) Dr Factory labor $38,528

Cr Factory wages payable $32,281

Cr Employer Payroll Taxes Payable $6,247

($3,108+$8,322+$2,008)

Cr Prepaid Property Taxes $2,008

Cr Accumulated Depreciation-Buildings $8,322

Cr Utilities Payable $3,108

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Answer:

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total proportions from building, equipment and franchises

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