Letters (a-g) represent sevaral racent transactions that were posted to some of

Question

Letters (a-g) represent sevaral racent transactions that were posted to some of Johnson Company's T-accounts Rav Materials Inventory Manufacturing Overhead Work in Process Inventory Finished Goods Inven Cost of Goods Sold Required: Assign letters (a g) to the following descriptions to indicate how the transactions would be recorded in the T-accounts. The purchase of raw materials is provided as an example, where the letter (a) represents a debit to Raw Materials Inventory. Appied Maufactuing Overheard Recorded Direct Labo Recordad the Cost Purchased Raw Material Recordad Actual Manufacturing Overhead Recordad the Cost o a lohs Sold Issued Rw Materials to Production of Jobe Completed

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Applied Manufacturing Overhead

(e)

Applied manufacturing overhead are recorded on the credit side.

Recorded Direct Labor

(d)

Direct labor is debited to WIP Inventory

Recorded Cost of Jobs completed

(g)

Cost of finished goods are recorded as Credit to FG inventory

Purchase raw material

(a)

Direct material purchased is taken to debit of Raw material inventory.

Recorded Actual manufacturing overhead

(c)

Actual overheads are debited to Overhead account.

Recorded the cost of Jobs Sold

(g)

Debited to Cost of Goods sold, credited to FG inventory

Issue Raw Material to production

(b)

raw material inventory is credited and WIP Inventory is debited.

Question

Answers

Applied Manufacturing Overhead

(e)

Applied manufacturing overhead are recorded on the credit side.

Recorded Direct Labor

(d)

Direct labor is debited to WIP Inventory

Recorded Cost of Jobs completed

(g)

Cost of finished goods are recorded as Credit to FG inventory

Purchase raw material

(a)

Direct material purchased is taken to debit of Raw material inventory.

Recorded Actual manufacturing overhead

(c)

Actual overheads are debited to Overhead account.

Recorded the cost of Jobs Sold

(g)

Debited to Cost of Goods sold, credited to FG inventory

Issue Raw Material to production

(b)

raw material inventory is credited and WIP Inventory is debited.

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