Answer:
5. <em>Recognized direct labor and indirect labor used</em>.
Debit Work in Process Inventory and Manufacturing Overhead.
Credit Factory Labor
Direct Labour is debited to the Work in Process Inventory account to show that they contributed directly. Both are credited to the Factory Labor account.
6. <em>The production department requisitioned indirect materials for use in the factory.</em>
Debit Manufacturing Overhead
Credit Raw Materials Inventory.
As the materials were indirect, they fall under the Manufacturing Overheads.
They were taken from the Raw Materials account so that should be credited.
8. <em>Goods that were completed were transferred to finished goods.</em>
Debit Finished Goods Inventory
Credit Work in Process Inventory
Both accounts are asset accounts so when taking from one you credit it and when giving the other you debit it. Goods were taken from the Work in Process account so it was credited.
10. <em>Paid for raw materials purchased previously on account. (The answer for this transaction written in the question is for the previous transaction</em>).
Debit Accounts Payable
Credit Cash.
The raw materials were.purchased on account making them a payable. As they have been paid the account must be reduced by debiting it. Cash will be credited as it is an asset that is reducing.
