During the first year of operations Moss Manufacturing accum

During the first year of operations, Moss Manufacturing accumulated the following manufacturing costs: 2. Raw materials purchased on account Factory labor accrued Incurred manufacturing overhead on account $16,500 $7,200 $4,400 a. Prepare separate journal entries for each manufacturing cost. Raw Materials Purchased on Account Account Titles Debit Credit Factory Labor Accrued: Account Titles Debit Credit Incurred Manufacturing Overhead on Account Account Titles Debit Credit Moss used $12,400 of direct materials and $3,000 of indirect materials on Job 152. Prepare the journal entry to record the materials used b. Account Titles Debit Credit

Solution

DR CR 1 Raw Material 16500 Account Payable 1600 2 Factory Wages 7200 Wages Payable 7200 3 Manufacturing Overhead 4400 Account Payable 4400