Question

Shellenback Incorporated has provided the following information for the year ended 20x8: a. Purchased raw materials on account for $201,800. b. Issued $186,800 in raw materials to production ($13,800 were not traceable to specific jobs). c. Incurred $156,800 in direct labor costs (16,550 hours), $54,300 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $23,800 (paid in cash); depreciation on equipment $27,800; factory utilities $15,300 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $56,800; sales commissions $59,800. f. Applied manufacturing overhead to jobs in process at a rate of $9 per direct labor hour. g. Completed jobs costing a total of $458,800. h. Sold jobs for $736,800 on account. The cost of the jobs was $442,800. i. Closed the manufacturing overhead account balance. Required: Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 > Record the entry to close Manufacturing Overhead Account. Note: Enter debits before credits.

          Shellenback Incorporated has provided the following information for the year ended 20x8:
a. Purchased raw materials on account for $201,800.
b. Issued $186,800 in raw materials to production ($13,800 were not traceable to specific jobs).
c. Incurred $156,800 in direct labor costs (16,550 hours), $54,300 in supervision costs (paid in cash).
d. Incurred the following additional manufacturing overhead costs: factory lease $23,800 (paid in cash); depreciation on equipment
$27,800; factory utilities $15,300 (paid in cash).
e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $56,800; sales commissions $59,800.
f. Applied manufacturing overhead to jobs in process at a rate of $9 per direct labor hour.
g. Completed jobs costing a total of $458,800.
h. Sold jobs for $736,800 on account. The cost of the jobs was $442,800.
i. Closed the manufacturing overhead account balance.
Required:
Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry
Required" in the first account field.)
View transaction list
Journal entry worksheet
<
1
2
3
4
5
6
7
8
9
10
>
Record the entry to close Manufacturing Overhead Account.
Note: Enter debits before credits.

Shellenback Incorporated has provided the following information for the year ended 20x8:
a. Purchased raw materials on account for 201,800.
b. Issued186,800 in raw materials to production (13,800 were not traceable to specific jobs).
c. Incurred156,800 in direct labor costs (16,550 hours), 54,300 in supervision costs (paid in cash).
d. Incurred the following additional manufacturing overhead costs: factory lease23,800 (paid in cash); depreciation on equipment
27,800; factory utilities15,300 (paid in cash).
e. Incurred the following nonmanufacturing costs, both paid in cash: advertising 56,800; sales commissions59,800.
f. Applied manufacturing overhead to jobs in process at a rate of 9 per direct labor hour.
g. Completed jobs costing a total of458,800.
h. Sold jobs for 736,800 on account. The cost of the jobs was442,800.
i. Closed the manufacturing overhead account balance.
Required:
Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry
Required" in the first account field.)
View transaction list
Journal entry worksheet
<
1
2
3
4
5
6
7
8
9
10
>
Record the entry to close Manufacturing Overhead Account.
Note: Enter debits before credits.

Added by Devin B.

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