During May, Bergan Company incurred factory overhead costs as follows: indirect

Question

During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $34,500; indirect labor, $80,700; utilities cost, $13,400; and factory depreciation, $47,600.

Journalize the entry on May. 30 to record the factory overhead incurred during May. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTSBergan CompanyGeneral Ledger

Interest Expense

Journalize the entry on May. 30 to record the factory overhead incurred during May. Refer to the Chart of Accounts for exact wording of account titles.

ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory

Explanation / Answer

Journalize the entry on May. 30 to record the factory overhead incurred during May.

Date accounts & explanation debit credit May 30 Factory overhead 176200      Account payable    34500      Wages payable 80700     Utilities payable 13400      Accumulated Depreciation-Factory 47600

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