The tyler company has the following amounts related to its first-year operations
Materials and supplies (all purchased on account0 $220,000
Direct materials issued for production 170,000
Unused direct materials returns to storeroom 5,000
Supplies issued (to production departments) 18,000
Direct labor (on production) 150,000
indirect labor (on production) 40,000
Depreciation Af?cAcâÂŹ” factory, plant, and equipment 11,000
Miscellaneous factory overhead incurred (normally detailed) 25,000
factory overhead applied (60% of direct labor cost) 90,000
Cost of completed production 305,000
sales (all on account) 320,000
cost of goods sold 260,000
Present the general entry to close the manufacturing accounts to cost of goods sold Shoe T-Accounts for the factory department overhead control and factory
overhead applied.
