Can you solve these. Let me know if the pictures are unclear Connect NRT GatewX

Question

Can you solve these. Let me know if the pictures are unclear Connect NRT GatewX https://newconnect.mheducation.com/flow/connect.html 415,& 16 O You received partial credit in the previous attempt Major League Bat Comoany manufactures baseball bats. In addition to its work in process nventories of raw meterials and finished goods. It uses raw materiais as direct material fectory payroll costs include direct labor for production and indirect labor All materials are conversion costs are applied uniformly throughout the production process s in production and as indirect materials. its added at the beginning of the process, and of inventories to reflect the July events of this company The June 30 beiances Finished You are Raw Materials Inventory. $23,000. Work in Process Inventory. $10,705 ($2.860 of direct materials and $7.845 of conversionl Goods Inventory. $150,000, Sales, SO. Cost of Goods Soid $0. Factory Payroll Payabie. S0. and Factory Overheed. so 1. Prepare journal entries to record the following July transactions and events cash (the company uses a perpetual inventory system a. Purchased raw materiais for $135.000 b. Used raw materiais as follows direct materials. $58,740 and indirect materials, $12.000o c Recorded t ctory Day Oli Dayable costs es follows direct labo S2012 . and indirect labor s27000. d. Psid fectory payroll cost of $2.34.250 with cash fignore taxes) e. Incurred additional foctory overhead costs of $84.000 paid in cash. t Allocated factory oremead to production et 50% of drect labor costs. 70, Fadtory wages payable pe here to search

Explanation / Answer

Journal entries: S. No. Accounts title and explanations Debit $ Credit $ a. Raw material inventory Dr. 135000     Accounts payable 135000 b. Work in process Inventory Dr. 58740 Factory Overheads Account Dr. 12,000      Raw material inventory 70740 c. Work in process Inventory Dr. 207250 Factory Overheads Account Dr. 27000       Factory Wage payable 234,250 d. Factory Wages payable Dr. 234,250        Cash Account 234,250 e. Factory Overheads Account Dr. 84000        Cash Account 84000 f. Work in process Inventory Dr. 103,625       Factory Overheads Account (207250*50%) 103,625

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