Also, please describe the purpose of #4 in the flow chart. Thank you! The follow
ID: 2524286 • Letter: A
Question
Also, please describe the purpose of #4 in the flow chart. Thank you!The following journal entries are recorded in Kiesha Co.'s process costing system. Kiesha produces apparel and accessories Overhead is applied to production based on direct labor cost for the period. Prepare a brief explanation (including any overhead rates applied) for each journal entry a through k Raw Materials Inventory Work in Process Inventory Work in Process Inventory Factory Overhead Factory Overhead Factory Overhead Factory Wages Payable a. 52,000 Accounts Payable Raw Materials Inventory Factory Wages Payable Factory Wages Payable Cash 52,000 b. 42,000 42,000 C. 32,000 32,000 d. 6,000 6,000 e. 12,000 12,000 f. 10,000 Raw Materials Inventory 10,000 g. 38,000 Cash 38,000 Wark in Prncess Inventnrv
Explanation / Answer
E)Being manufacturing overhead incurred paid
F)Indirect material issued /requisitioned for production.
2)Labor cost consist of two parts :direct labor which is debited to work in process and indirect labor which is debited to manufacturing overhead.
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