Question

In March, Uriole Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $30,000 and Job 11 $34,300. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Fini: Inve Raw Materials Inventory Factory Labor Manufacturing Overhead Balance $ $ Completion of Jobs: Job 10 Job 11 Balance 11 ha Job sold: Job 10 Balance e Textbook and Media

Answer 1

	Manufacturing costs
	Raw materials inventory	Factory labor	Manufacturing overhead	Work in Process inventory	Finished goods inventory	Cost of goods sold
Balance	0	0	0	64300	0	0
Completion of jobs:
Job 10	0	0	0	-30000	30000	0
Job 11	0	0	0	-34300	34300	0
Balance	0	0	0	0	64300	0
Job sold:
Job 10	0	0	0	0	-30000	30000
Balance	0	0	0	0	34300	30000