Brent uses a standard cost accounting system. The following transactions occurred during the year:
| Feb. 20 Don't use plagiarized sources. Get Your Custom Essay on prepare the entries for d brent in the following general journal 609072 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | Purchased raw materials on account, $8,800 when the standard cost was $9,300. |
| Mar. 5 | Incurred direct labor costs, $15,200 when the standard labor cost was $14,900. |
| May 10 | Incurred manufacturing overhead costs, $11,000 (credit Accounts Payable). |
| June 18 | Issued raw materials for production, $8,200 when the standard cost was $9,000. |
| Aug. 3 | Assigned factory labor to production, $14,900 when the standard cost was $14,500. |
| Sept. 10 | Applied manufacturing overhead to production, $10,150. |
| Oct. 2 | Transferred completed work to finished goods, $29,700. |
| Nov. 22 | Sold the finished goods on account for $42,000. |
| Dec. 31 | Recognized unfavorable overhead variances: controllable $550 and volume $300. |
Instructions
Prepare the entries for D. Brent in the following general journal.
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