Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Aug 2017 My Price 5.00

production operations

Embark produces mulch for landscaping use. The following information summarizes production operations for June. The journal entry to record June production activities for overhead allocation is: Direct materials used.................................................$87,000 Direct labor used........................................................$160,000 Predetermined overhead rate(Based on direct labor)..155% Goods transfered to finished goods...........................$432,000 cost of goods sold......................................................$44,000 credit sales................................................................$810,000 a. Debit Factory Overhead $248,000; credit Cash $248,000. b. Debit Goods in Process Inventory $160,000; credit Factory Payroll $160,000. c. Debit Goods in Process Inventory $248,000; credit Factory Overhead $248,000. d. Debit Goods in Process Inventory $160,000; credit Factory Overhead $160,000. e. Debit Goods in Process Inventory $160,000; credit Cash $160,000.

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Maurice Tutor
(5)
Status NEW Posted 13 Aug 2017 12:08 PM My Price 5.00

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