Prepare journal entries
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Donald Transport assembles prestige manufactured homes. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted $31 per machine-hour
| Materials Control, beginning balance, January 1, 2014 | $18 |
| Work-in-Process Control, beginning balance, January 1, 2014 | $9 |
| Finished Goods Control, beginning balance, January 1, 2014 | $10 |
| Materials and supplies purchased on credit | $154 |
| Direct materials used | $152 |
| Indirect materials (supplies) issued to various production departments | $19 |
| Direct manufacturing labor | $96 |
| Indirect manufacturing labor incurred by various production departments | $34 |
| Depreciation on plant and manufacturing equipment | $28 |
| Miscellaneous manufacturing overhead incurred (ordinarily would be detailed as repairs, utilities, etc., with a corresponding credit to various liability accounts) | $13 |
| Manufacturing overhead allocated, 3,000,000 actual machine-hours | ? |
| Cost of goods manufactured | $298 |
| Revenues | $410 |
| Cost of goods sold | $294 |
- Prepare journal entries. Number your entries. Explanations for each entry may be omitted. Post to T-accounts. What is the ending balance of Work-in-Process Control?
- Show the journal entry for disposing of under- or overallocated manufacturing overhead directly as a year-end writeoff to Cost of Goods Sold. Post the entry to T-accounts.
- How did Donald Transport perform in 2014?
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