Schedule of Cost of Goods Manufactured for Graffstone Company
1) Use the next info to organize the schedule of value of products manufactured for Graffstone Firm for the month ended June 30. |$12,600 16,500 21,000 31,000 Work in Course of stock, Might 31 Work in Course of stock, June 30 Direct supplies used throughout June Direct labor used throughout June Manufacturing unit overhead: Oblique materials Oblique labor Manufacturing unit lease Manufacturing unit depreciation Manufacturing unit utilities 6,400 9,200 12,000 15,000 18,400 2) Put together journal entries to report the next transactions and occasions for April utilizing a job order co system. (a) Bought uncooked supplies on credit score, $69,000. (b) Uncooked supplies requisitioned: $26,000 direct and $5,400 oblique. (c) Manufacturing unit payroll totaled $46,000, together with $9,500 oblique labor. (d) Paid different precise overhead prices totaling $14,500 money. (e) Utilized overhead totaling $28,200. (f) Completed and transferred jobs totaling $77,500. (g) Jobs costing $58,800 had been offered on credit score for $103,000.