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48. During October, Dorinirl Corporation incurred $60,000 of direct labor costs and $5,000 of
indirect labor costs. The journal entry to record the accrual of these wages would include a:
49. Soledad Corporation had $36,000 of raw materials on hand on December 1. During the
month, the Corporation purchased an additional $71,000 of raw materials. The journal entry to
record the purchase of raw materials would include a:
50. At the beginning of December, Sneeden Corporation had $32,000 of raw materials on
hand. During the month, the Corporation purchased an additional $71,000 of raw materials.
During December, $75,000 of raw materials were requisitioned from the storeroom for use in
production. The credits entered in the Raw Materials account during the month of December
total:
51. On February 1, Manwill Corporation had $24,000 of raw materials on hand. During the
month, the Corporation purchased an additional $60,000 of raw materials. During February,
$54,000 of raw materials were requisitioned from the storeroom for use in production. The debits
entered in the Raw Materials account during the month of February total:
52. Donham Corporation had $25,000 of raw materials on hand on May 1. During the month,
the Corporation purchased an additional $65,000 of raw materials. During May, $66,000 of raw
materials were requisitioned from the storeroom for use in production. These raw materials
included both direct and indirect materials. The indirect materials totaled $4,000. The debits to
the Work in Process account as a consequence of the raw materials transactions in May total:
53. During February at Iniquez Corporation, $79,000 of raw materials were requisitioned from
the storeroom for use in production. These raw materials included both direct and indirect
materials. The indirect materials totaled $4,000. The journal entry to record the requisition from
the storeroom would include a:
54. Epolito Corporation incurred $87,000 of actual Manufacturing Overhead costs during
September. During the same period, the Manufacturing Overhead applied to Work in Process was
$89,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs
would include a:
55. Traves Corporation incurred $69,000 of actual Manufacturing Overhead costs during
October. During the same period, the Manufacturing Overhead applied to Work in Process was
$68,000. The journal entry to record the application of Manufacturing Overhead to Work in
Process would include a:
56. During October, Beidleman Inc. transferred $52,000 from Work in Process to Finished
Goods and recorded a Cost of Goods Sold of $55,000. The journal entries to record these
transactions would include a:
57. In July, Essinger Inc. incurred $72,000 of direct labor costs and $3,000 of indirect labor
costs. The journal entry to record the accrual of these wages would include a:
58. During May at Shatswell Corporation, $57,000 of raw materials were requisitioned from
the storeroom for use in production. These raw materials included both direct and indirect
materials. The indirect materials totaled $7,000. The journal entry to record this requisition would
include a debit to Manufacturing Overhead of:
59. Which of the following entries or sets of entries would record sales for the month of July
of $200,000 for goods costing $119,000 for?
60. Bretthauer Corporation has provided data concerning the Corporation's Manufacturing
Overhead account for the month of July. Prior to the closing of the overapplied or underapplied
balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account
was $51,000 and the total of the credits to the account was $64,000. Which of the following
statements is true?
61. Arvay Corporation has provided data concerning the Corporation's Manufacturing
Overhead account for the month of October. Prior to the closing of the overapplied or
underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing
Overhead account was $62,000 and the total of the credits to the account was $52,000. Which of
the following statements is true?
62. Kaleohano Corporation has provided data concerning the Corporation's Manufacturing
Overhead account for the month of July. Prior to the closing of the overapplied or underapplied
balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account
was $62,000 and the total of the credits to the account was $73,000. Which of the following
statements is true?
2-54
63. The following accounts are from last year's books of Sharp Manufacturing:
Raw Materials
Bal 0 (b) 87,000
(a) 93,000
6,000
Work In Process
Bal 0 (f) 251,000
(b) 69,000
(c) 82,000
(e) 100,000
0
Finished Goods
Bal 0 (g) 226,000
(f) 251,000
25,000
Manufacturing Overhead
(b) 18,000 (e) 100,000
(c) 12,000
(d) 67,000
(h) 3,000 3,000
Cost of Goods Sold
(g) 226,000 (h) 3,000
223,000
Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor
costs. What is the amount of direct materials used for the year?
2-56
64. The following accounts are from last year's books at Sharp Manufacturing:
Raw Materials
Bal 0 (b) 87,000
(a) 93,000
5,000
Work In Process
Bal 0 (f) 251,000
(b) 69,000
(c) 82,000
(e) 100,000
0
Finished Goods
Bal 0 (g) 226,000
(f) 251,000
25,000
Manufacturing Overhead
(b) 18,000 (e) 100,000
(c) 12,000
(d) 67,000
(h) 3,000 3,000
Cost of Goods Sold
(g) 226,000 (h) 3,000
223,000
Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor
costs. What is the amount of cost of goods manufactured for the year?
65. Compute the amount of raw materials used during August if $25,000 of raw materials
were purchased during the month and the inventories were as follows:
Balance Balance
Inventories August 1 August 31
Raw Materials $5,000 $3,000
Work in process $13,000 $16,000
Finished goods $25,000 $27,000
2-59
66. The following accounts are from last year's books at Sharp Manufacturing:
Raw Materials
Bal 0 (b) 87,000
(a) 93,000
5,000
Work In Process
Bal 0 (f) 251,000
(b) 69,000
(c) 82,000
(e) 100,000
0
Finished Goods
Bal 0 (g) 226,000
(f) 251,000
25,000
Manufacturing Overhead
(b) 18,000 (e) 100,000
(c) 12,000
(d) 67,000
(h) 3,000 3,000
Cost of Goods Sold
(g) 226,000 (h) 3,000
223,000
Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor
costs. What is the manufacturing overapplied or underapplied for the year?
