1. Larned Corporation recorded the following transactions for the just completed month. a. $90 ,
000 in raw materials were purchased on account. b. $88 , 000 in raw materials were used in
production. Of this amount, $80 , 000 was for direct materials and the remainder was for indirect
materials. c. Total labor wages of $119 , 500 were paid in cash. Of this amount, $101 , 000 was
for direct labor and the remainder was for indirect labor. d. Depreciation of $199 , 000 was
incurred on factory equipment. Required: Record the above transactions in journal entries. (If no
entry is required for a transaction/event, select "No journal entry required" in the first account
field.) Journal entry worksheet 4 $90 , 000 in raw materials were purchased on account. Note:
Enter debits before credits. Journal entry worksheet $88 , 000 in raw materials were used in
production. Of this amount, $80 , 000 was for direct materials and the remainder was for indirect
materials. Note: Enter debits before credits. Journal entry worksheet Total labor wages of $119 ,
500 were paid in cash. Of this amount, $101 , 000 was for direct labor and the remainder was for
indirect labor. Note: Enter debits before credits. Journal entry worksheet 1 Depreciation of $199 ,
000 was incurred on factory equipment. Note: Enter debits before credits. Jurvin Enterprises is a
manufacturing company that had no beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below. a. $76 , 100 in raw materials were purchased for
cash. b. $73 , 000 in raw materials were used in production. Of this amount, $66 , 400 was for
direct materials and the remainder was for indirect materials. c. Total labor wages of $151 , 400
were incurred and paid. Of this amount, $133 , 100 was for direct labor and the remainder was
for indirect labor. d. Additional manufacturing overhead costs of $125 , 700 were incurred and
paid. e. Manufacturing overhead of $125 , 600 was applied to production using the company's
predetermined overhead rate. f. All of the jobs in process at the end of the month were
completed. g. All of the completed jobs were shipped to customers. h. Any underapplied or
overapplied overhead for the period was closed to Cost of Goods Sold. Required: 1. Post the
above transactions to T-accounts. 2. Determine the adjusted cost of goods sold for the period.
Required: 1. Post the above transactions to T -accounts. 2. Determine the adjusted cost of goods
sold for the period. Complete this question by entering your answers in the tabs below. Post the
above transactions to T-accounts. Required: 1. Post the above transactions to T-accounts. 2.
Determine the adjusted cost of goods sold for the period. Complete this question by entering
your answers in the tabs below. Determine the adjusted cost of goods sold for the period. Primare
Corporation has provided the following data concerning last month's manufacturing operations.
Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a
schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead
is closed to Cost of Goods Sold. Complete this question by entering your answers in the tabs
below. Prepare a schedule of cost of goods manufactured for the month. Complete this question
by entering your answers in the tabs below. Prepare a schedule of cost of goods sold for the
month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Osborn Manufacturing uses a predetermined overhead rate of $19.30 per direct labor-hour. This
predetermined rate was based on a cost formula that estimates $252 , 830 of total manufacturing
overhead for an estimated activity level of 13,100 direct labor-hours. The company actually
incurred $249 , 000 of manufacturing overhead and 12,600 direct labor-hours during the period.
Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for
the period. 2. Assume that the company's underapplied or overapplied overhead is closed to Cost
of Goods Sold. Would the journal entry to dispose of the underapplied or overapplied overhead
increase or decrease the company's gross margin? By how much? The following data from the
just completed year are taken from the accounting records of Mason Company: Required: 1.

2. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production
were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's
underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income
statement. Complete this question by entering your answers in the tabs below. Required: 1.
Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production
were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's
underapplied or overapplied overhead is closed to Cost Goods Sold. 3. Prepare an income
statement. Complete this question by entering your answers in the tabs below. Prepare a schedule
of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed
to Cost of Goods Sold. Required: 1. Prepare a schedule of cost of goods manufactured. Assume
all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods
sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of
Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in
the tabs below. Prepare an income statement. Selected T-accounts of Moore Company are given
below for the just completed year: Required: 1. What was the cost of raw materials used in
production during the year? 2. How much of the materials in (1) above consisted of indirect
materials? 3. How much of the factory labor cost for the year consisted of indirect labor? 4. What
was the cost of goods manufactured for the year? 5. What was the unadjusted cost of goods sold
for the year? Do not include any underapplied or overapplied overhead in your answe 6. If
overhead is applied to production on the basis of direct labor cost, what predetermined overhead
rate was in effect during the year? 7. Was manufacturing overhead underapplied or overapplied?
By how much? 8. Compute the ending balance in Work in Process. Assume that this balance
consists entirely of goods started during the year. If $13 , 950 of this balance is direct labor cost,
how much of it is direct materials cost? Applied overhead cost? Complete this question by
entering your answers in the tabs below. 1. What was the cost of raw materials used in
production during the year? 2. How much of the materials in (1) above consisted of indirect
materials? 3. How much of the factory labor cost for the year consisted of indirect labor? 4. What
was the cost of goods manufactured for the year? 5. What was the unadjusted cost of goods sold
for the year? Do not include any underapplied or overapplied overhead in your answer.
Required: 1. What was the cost of raw materials used in production during the year? 2. How
much of the materials in (1) above consisted of indirect materials? 3. How much of the factory
labor cost for the year consisted of indirect labor? 4. What was the cost of goods manufactured
for the year? 5. What was the unadjusted cost of goods sold for the year? Do not include any
underapplied or overapplied overhead in your answer. 6. If overhead is applied to production on
the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 7.
Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the
ending balance in Work in Process. Assume that this balance consists entirely of goods started
during the year. If $13 , 950 of this balance is direct labor cost, how much of it is direct materials
cost? Applied overhead cost? Complete this question by entering your answers in the tabs below.
If overhead is applied to production on the basis of direct labor cost, what predetermined
overhead rate was in effect during the year? Required: 1. What was the cost of raw materials
used in production during the year? 2. How much of the materials in (1) above consisted of
indirect materials? 3. How much of the factory labor cost for the year consisted of indirect labor?
4. What was the cost of goods manufactured for the year? 5. What was the unadjusted cost of
goods sold for the year? Do not include any underapplied or overapplied overhead in your
answer. 6. If overhead is applied to production on the basis of direct labor cost, what

3. predetermined overhead rate was in effect during the year? 7. Was manufacturing overhead
underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process.
Assume that this balance consists entirely of goods started during the year. If $13 , 950 of this
balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?
Complete this question by entering your answers in the tabs below. Was manufacturing overhead
underapplied or overapplied? By how much? Required: 1. What was the cost of raw materials
used in production during the year? 2. How much of the materials in (1) above consisted of
indirect materials? 3. How much of the factory labor cost for the year consisted of indirect labor?
4. What was the cost of goods manufactured for the year? 5. What was the unadjusted cost of
goods sold for the year? Do not include any underapplied or overapplied overhead in your
answer. 6. If overhead is applied to production on the basis of direct labor cost, what
predetermined overhead rate was in effect during the year? 7. Was manufacturing overhead
underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process.
Assume that this balance consists entirely of goods started during the year. If $13 , 950 of this
balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?
Complete this question by entering your answers in the tabs below. Compute the ending balance
in Work in Process. Assume that this balance consists entirely of goods started during the year. If
$13 , 950 of this balance is direct labor cost, how much of it is direct materials cost? Applied
overhead cost?