Question: Refer to the information in QS 20-2, QS 20-3, and QS 20-4. Sturdy Packaging completed 175,000 boxes costing $335,000 and transferred them to finished goods. Prepare its journal entry to record the transfer of the boxes from production to finished goods inventory.
QS 20-4: Refer to the information in QS 20-2 and QS 20-3. Sturdy Packaging requisitioned $62,000 of indirect mate rials from its raw materials and used $55,000 of indirect labor in its production of boxes. Also, it incurred $220,000 of other factory overhead costs. It applies factory overhead at the rate of 130% of direct labor costs. Prepare journal entries to record its
(1) indirect materials requisitioned,
(2) indirect labor used in production,
(3) other factory overhead costs incurred, and
(4) application of overhead to production.
QS 20-3: Refer to the information in QS 20-2. Sturdy Packaging incurred $165,000 in factory payroll costs, of which $110,000 was direct labor. Prepare journal entries to record its
(1) total factory payroll incurred and
(2) direct labor used in production.
QS 20-2: Sturdy Packaging makes cardboard shipping cartons in a single operation. This period, Sturdy purchased $125,000 in raw materials. Its production department requisitioned $90,000 of those materials for use in producing cartons. Prepare journal entries to record its
(1) purchase of raw materials and
(2) requisition of direct materials.