question the following are some of the costs incurred by a manufacturingcompany iden 4290168

Question

The following are some of the costs incurred by a manufacturingcompany. Identify them as either:

a. Period Costs (PC) b. Direct Labor (DL) c. Factory Overhead(FOH)

1. Salesman commissions ________

2. Director of Marketing ________

3. Plant Supervisor ________

4. UPS Delivery Driver ________

5. Assembly Line Worker ________

6. Company Bookkeeper ¬________

Record in good journal entry format the followingtransactions:

April 10, 300 units of raw materials were purchased at$5.50.

April 15, 200 units of raw materials were requisitioned at $6.00for production, Job 345.

April 25, 100 units of raw materials were requisitioned at $5.50for production, Job 555.

May 5, Job 345 was completed at a total cost of $3,000.

On June 1, 100 units were sold on account for $10 per unit. Thetotal production cost for the units sold was $500.

Date	Account Title	Debit	Credit
10-April	Raw material inventory(300 x $5.50) Accounts payable To record purchase of raw material on account	$1,650	$1,650
15-April	Work in process inventory – Job no 345 Raw material inventory (200 units x $6) To record the transfer of raw material to job no345	$1,200	$1,200
25-April	Work-in-process inventory – Job no 555 Raw material inventory (100 unitsx $5.50) To record the transfer of raw material to job no 555	$550	$550
5-May
1-June

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Approximately 250 words

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