Prepare the journal entries to record the following transactions for Viking Co. ,a company that produces Viking helmets for sale to tourists.
a.Purchased $80,000 of steel (8,000 tons)in cash.
b.Issued $75,000 of steel (7,500 tons)into production.
c.Paid $15,000 cash in production labor costs.
d.Applied overhead at the predetermined rate of $5 per ton of steel.
e.Incurred $40,000 of actual overhead costs,paid in cash.(Assume any difference between actual and applied overhead costs is adjusted directly to cost of goods sold. )
f.Completed 25,000 helmets.(Approximately $27,500 of inventory remains in process,so the cost of each helmet is approximately $________. )
g.Sold 22,000 helmets at $24.00 per unit.(All proceeds were collected in cash. )
h.Disposed of any over- or under-applied overhead cost.

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The Answer of Prepare the journal entries to record the following transactions for Viking Co. ,a company that produces Viking helmets for sale to tourists.
a.Purchased $80,000 of steel (8,000 tons)in cash.
b.Issued $75,000 of steel (7,500 tons)into production.
c.Paid $15,000 cash in production labor costs.
d.Applied overhead at the predetermined rate of $5 per ton of steel.
e.Incurred $40,000 of actual overhead costs,paid in cash.(Assume any difference between actual and applied overhead costs is adjusted directly to cost of goods sold. )
f.Completed 25,000 helmets.(Approximately $27,500 of inventory remains in process,so the cost of each helmet is approximately $________. )
g.Sold 22,000 helmets at $24.00 per unit.(All proceeds were collected in cash. )
h.Disposed of any over- or under-applied overhead cost.

Prepare the Journal Entries to Record the Following Transactions for Viking