Prob 5-26 Enter the journal entries for items a) through l)

 Prob 5-26 Name:______________________________________

Journal Entries

Enter the journal entries for items a) through l).  Use the pull-down menus on the  

2).T-Accounts

Post relevant information from journal entries

above to appropriate t-accounts.

Materials Inventory

Beg. Bal.

-  

Overhead Control

-  

Work in Process

Beg. Bal.

-  

Finished Goods

Beg. Bal.

-  

3).Jerico Company

Schedule of Cost of Goods Manufactured

For the Month Ended May 31, 20XX

Direct materials

Direct labor

Overhead:

 Supplies

 Indirect labor

 Depreciation, plant and equipment

 Property taxes

 Utilities, factory

 Insurance

$-  

Plus: Overapplied overhead

 Overhead applied -  

Manufacturing costs added $-  

Add: beginning work in process

Less: ending work in process

Cost of goods manufactured $-  

4).If the overhead variance is all allocated to cost of goods sold, by how much will cost of goods

sold decrease or increase?