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Horngren'S Financial And Managerial Accounting
Found in: Page 945

Short Answer

Question: Journalize the following transactions for Marge’s Sofas. Explanations are not required.

f. Allocated manufacturing overhead to jobs, 200% of direct labor costs.



Debit ($)

Credit ($)

Work-in-process inventory (200% of 11,250)


Manufacturing overhead


See the step by step solution

Step by Step Solution

Step-by-Step Solution:Step 1: Work-in-process inventory

Work in process inventory means the inventory that are partially completed and partially not. The inventory under manufacturing process is known as WIP inventory.

Step 2: Recording of allocated manufacturing overhead in the books of the company

The allocated manufacturing overhead is recorded by debiting the work in process inventory and crediting the manufacturing overhead account.

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