Barker Products is a job shop- The following events occurred in Septem.pdf

Assume that a procedure yields a binomial distribution with n = 8 trials and a probability of success of p = 0.40 . Use a binomial probability table to find the probability that the number of successes x is exactly 4 . Click on the icon to view the binomial probabilities table. Binomial Probabilities Table Binomial Probabilities Table.

Barker Products is a job shop. The following events occurred in September: 1. Purchased $14 ,
600 of materials on account. 2. Issued $16 , 100 in direct materials to the production department.
3. Purchased $12 , 600 of materials on account. 4. Issued $980 of supplies from the materials
inventory. 5. Paid for the materials purchased in transaction (1). 6. Paid $20 , 800 cash for
utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing
plar 7. Incurred direct labor costs of $25 , 200 , which were credited to Wages Payable. 8. Issued
$1 , 380 of supplies from the materials inventory. 9. Applied overhead on the basis of 85 percent
of $25 , 200 direct labor costs. 10. Recognized depreciation on manufacturing property. plant,
and equipment of $13 , 200 . The following balances appeared in the accounts of Barker
Products for September: Required: a. Prepare journal entries to record the transactions. b.
Prepare T-accounts to show the flow of costs during the Deriod from Materials Inventory
through Cost of Goods Sold.

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Barker Products is a job shop- The following events occurred in Septem.pdf

  • 1. Barker Products is a job shop. The following events occurred in September: 1. Purchased $14 , 600 of materials on account. 2. Issued $16 , 100 in direct materials to the production department. 3. Purchased $12 , 600 of materials on account. 4. Issued $980 of supplies from the materials inventory. 5. Paid for the materials purchased in transaction (1). 6. Paid $20 , 800 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plar 7. Incurred direct labor costs of $25 , 200 , which were credited to Wages Payable. 8. Issued $1 , 380 of supplies from the materials inventory. 9. Applied overhead on the basis of 85 percent of $25 , 200 direct labor costs. 10. Recognized depreciation on manufacturing property. plant, and equipment of $13 , 200 . The following balances appeared in the accounts of Barker Products for September: Required: a. Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the Deriod from Materials Inventory through Cost of Goods Sold.