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17 May, 13:49

During December, Moulding Corporation incurred $87,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $85,000. Required: Prepare journal entries to record the incurrence of manufacturing overhead and the application of manufacturing overhead to Work in Process. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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  1. 17 May, 15:52
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    The Journal entries are as follows:

    (i) Manufacturing overhead A/c Dr. $87,000

    To various accounts $87,000

    (To record the Manufacturing Overhead costs incurred)

    (ii) Work in process A/c Dr. $85,000

    To Manufacturing overhead $85,000

    (To record the manufacturing overhead applied to work in process)
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