Glen Lake Corporation

Glen Lake Corporation recorded the following transactions for the just completed
month:

a. $60,000 in raw materials were purchased on account.

b. $51,000 in raw materials were requisitioned for use in production. Of this
amount, $42,000 was for direct materials and the remainder was for indirect
materials.
c. Total labor wages of $92,000 were incurred and paid. Of this amount, $81,000
was for direct labor and the remainder was for indirect labor.
d. Additional manufacturing overhead cost of $155,000 were incurred. All were on
account.

Required:

Record the above transactions in journal entries.

Goodenough Inc.

Goodenough Inc. has provided the following data for August:

Required:

Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, and
Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balances and
each of the transactions listed above. Finally, determine the ending balances.
Job 599

Glen Lake
Good Enough