Journal inventory accounting assignment help

The following information relates to the manufacturing operations of O’Shaughnessy Mfg. Co.

during the month of March. The company uses job order costing.

a. Purchases of direct materials during the month amount to $59,700. (All purchases were made

on account.)

b. Materials requisitions issued by the Production Department during the month total $56,200.

c. Time cards of direct workers show 2,000 hours worked on various jobs during the month, for

a total direct labor cost of $30,000.

d. Direct workers were paid $26,300 in March.

e. Actual overhead costs for the month amount to $34,900 (for simplicity, you may credit

Accounts Payable).

f. Overhead is applied to jobs at a rate of $18 per direct labor hour.

g. Jobs with total accumulated costs of $116,000 were completed during the month.

h. During March, units costing $128,000 were sold for $210,000. (All sales were made on



Prepare general journal entries to summarize each of these transactions in the company’s general

ledger accounts.

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.