Answer:
No. Account Titles and Description Debit$ Credit$
1 Raw Material Inventory 46300
Account Payable 46300
(To record purchase on credit)
2
. Work in Process Inventory 29200
Manufacturing overhead 6800
Raw Material Inventory 36000
(To record acquisition of raw materials)
3
. Factory Labor 59900
Factory Wages Payable 51000
Employer Payroll Taxes Payable 8900
(To record wages and payroll taxes payable)
4 Work in Process Inventory 54000
Manufacturing overhead 5900
Factory Labor 59900
(To record direct and indirect labor)
5
. Manufacturing overhead 80500
Account payable 80500
(To record manufacturing overhead on credit)
6
. Depreciation Expense 8100
Accumulated Depreciation—Building 8100
(To record depreciation)
7. Work in Process Inventory 81000
($54,000 X 150%)
Manufacturing overhead applied 81000
(
To record the application of overhead)
8 Finished Goods 88000
Work in Process Inventory 88000
(To record the goods transferred to finished goods)
9. Accounts Receivable 103000
Sales Revenue 103000
(To record sales made on credit)
Cost of Goods Sold 75000
Finished Goods Inventory 75000
(To record cost of goods sold)
