i need these journal Entries I need these table complete all

i need these journal Entries

I need these table complete. all entires are not there.

Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1 P2, P3 [The following information applies to the questions displayed below. mdmer watercram\'s predetemuned overhead rate ror year 2015 ts 200% of arec iabor Informaton onthe company\'sproduction activities during May 2015 follows a Purchased raw materials on credt $220000 b. Materials requisitions record use of the tolowing materials for the month $ 49 500 20,.200 22800 7000 Job 140 Indirect materias 20000 Total marenais used $153000 Pald $15,750 cash to a computer consultant to reprogram factory equipment d. Time tkkets recora use of the tolowing labor for the month These wages were paid in cash $ 12,.200 0.800 Job 137 39,200 Total drect lebor Indirectlabor 04.100 25.000 $ 129,130 e Appled overhesd to Jobs 136, 138, and 139 t Transferred Jobs 136, 38, and 139 to Finished Goods g. Sold Jobs 136 and 138 on credit at a total price of $530,000 h. The company ncurred the following overhead costs dunng he morn (credit Prepaid Insurance for expred faciory insurance. Deprecianon of factory bulding Deprecianon of factory equpment Expired tactory inaurance Accrued property taxes payable $70000 37000 1,000 36,000 L Appled averhead at monthend to the Work in Process Inventory accout (Jobs 137 and 140j using the predetermined overhead rate of 200% of direct labor cost.

Solution

Answer 1. Job 136 137 138 139 140 Total Direct Material            49,500        33,500          20,200          22,800            7,000          133,000 Factory Labor            12,200        10,800          37,900          39,200            4,000          104,100 Factory Overhead - 200%            24,400        21,600          75,800          78,400            8,000          208,200 Total            86,100        65,900        133,900       140,400          19,000          445,300 Answer 2. Journal Entry Date Particulars Dr. Amt Cr. Amt a. Direct Materials                                       220,000.00    Accounts Payable    220,000.00 (Record the material purchased on Account) b. Work in Process Inventory    133,000.00 Factory Overhead                      20,000.00    Direct Material    153,000.00 (Record the meterial issue ) c. Factory Overhead               15,750.00    Cash      15,750.00 (Record the amt Paid to reprogram factory equip.) d. Work in Process Inventory    104,100.00 Factory Overhead                                 25,000.00 Cash    129,100.00 (record the wages paid) e. Work in Process Inventory    178,600.00     Factory Overheads    178,600.00 (Record the Overhead applied - Job 136, 138 & 139) f. Work in Process Inventory    360,400.00    Finished Goods    360,400.00 (Record the Job 136, 138 & 139 Completed) g(1). Accounts receivables                        530,000.00    Sales    530,000.00 (record the Job 136 & 138 sold) g(2) Cost of Goods Sold                               220,000.00    Finished Goods    220,000.00 (record the cost of goods sold) h Factory Overhead                                 154,000.00    Accumulated Dep. - Factory Build      70,000.00    Accumulated Dep. - Factory Equip.      37,000.00    Prepaid Insurance      11,000.00    Property Tax Payable      36,000.00 (record the factory overhead) i. WIP                                                         Dr.      29,600.00     To Factory Overheads      29,600.00 (Records the Overehead applied- Job 137 & 140) Answer 3. Raw Materials Inventory Work in Process Inventory Beg. Bal.                     -      153,000.00 b. Beg. Bal.                     -      360,400.00 f. a.    220,000.00 b.    133,000.00 d.    104,100.00 e.    178,600.00 i.      29,600.00 End. Bal.      67,000.00 End. Bal.      84,900.00 Factory Overhead Finished Goods Inventory Beg. Bal.                     -      178,600.00 e. Beg. Bal.                     -      220,000.00 g(2) b.      20,000.00      29,600.00 i. f.    360,400.00 c.      15,750.00        6,550.00 Underapplied d.      25,000.00 h    154,000.00 End. Bal.                     -   End. Bal.    140,400.00 Cost of Goods Sols Beg. Bal.                     -   g(2)    220,000.00 End. Bal.    220,000.00 Answer 4. Report of Job Cost Work in Process Inventory      65,900.00 Job 140      19,000.00 Total      84,900.00 Finished Goods Inventory Job 139    140,400.00 Total    140,400.00 Cost o Goods Sold Job 136      86,100.00 Job 138    133,900.00 Total    220,000.00