Question

For Each of The Following Transactions, prepare an appropriate journal entry. Omit Explanation

A. We purchased $5,000 of direct materials

B. A worker requisitioned $2,000 of direct materials from job #65

C.A worker Spent 20 hours on job #65: the hourly wage rate is $20/hour

D. The OH Allocation Rate is $50/DLH

E. Job #65 is finished; the total cost in WIP is $9,000

F. Job #65 is sold for $15,000( account for sale and for the cost)

G. WE paid the utility bill for the plant $800

H. We paid the utility for the office $750

I. We Calculated depreciation on a plant machine to be $1200

J Underallocated OH for the year is $4,000(don't probate it)

Answer 1