Question

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:

Raw Materials
Beg Bal	4,950		8,900
	5,150

Work in Process
Beg Bal	4,050		22,150
	6,150
	8,450
	8,250

Finished Goods
Beg Bal	2,150		20,350
	22,150

Manufacturing Overhead
	2,750		8,250
	3,450
	3,150

Wages & Salaries Payable
	20,350	Beg Bal	2,450
			11,900

Cost of Goods Sold
Beg Bal	20,350

The direct labor cost was:

plz show steps and journal entry

Answer 1

The direct labor cost was = $8450

Journal entry

Date	account and explanation	debit	credit
	Raw material	5150
	Account payable		5150
	(To record purchase)
	Work in process	6150
	Manufacturing overhead	2750
	Raw material		8900
	(To record raw material used)
	Work in process	8450
	Manufacturing overhead	3450
	Wages payable		11900
	(To record wages)
	Work in process	8250
	Manufacturing overhead		8250
	(To record applied overhead)
	Finished goods	22150
	Work in process		22150
	(To record cost of goods manufactured)
	Cost of goods sold	20350
	Finished goods		20350
	(To record cost of goods sold)