e Accounting cuestion l CI x I https://new cor Connect C | Secure connect.htrri

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e Accounting cuestion l CI x I https://new cor Connect C | Secure connect.htrri Check my work Widmer watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor information on the company's production activities during May 2017 follows a. Purchased raw materials on credit, $260,000. b. Materlals requisitions record use of the following materals for the month. Part 3 of 4 10 poirnts ob 136 Job 137 ob 138 Job 139 lob 140e Total direct materials Indirect material:s Total materials used 49,80 32,500 19,600 22,600 7.400 131,180 19,500 $158,600 c. Paid $15,750 cash to a computer consultant to reprogram factory equipment. d. Time tickets record use of the following labor for the month. These wages were paid in cash Job 130 lob 137 Job 138 1ob 139 lob 140 olal direct labor Indirect labor lotal S 12,28e 1, 7a0 37,700 9,688 2,1a0 183,60 24,588 $128,1010 KPrew 7 8 of 9Next> O Type here to search 3:14 PM 1117/2017

Explanation / Answer

Workings:

Raw Materials Inventory Work in Process Inventory a. 260000 131100 b. b. 131100 359700 f. 19500 b. d. 103600 e. 179000 End. Bal. 109400 i. 28200 End. Bal. 82200 Factory Overhead Finished Goods Inventory b. 19500 179000 e. f. 359700 218300 g. c. 15750 28200 i. d. 24500 End. Bal. 141400 h. 155000 End. Bal. 7550 Cost of Goods Sold g. 218300 End. Bal. 218300

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