Question

To record assignment of manufacturing overhead) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold)

Answer 1

No	Account titles and Explanation				Debit	Credit
1	Raw materials inventory				5,586
	Accounts payable					5,586
	Factory wages				5,472
	cash					5,472
	manufacturing overhead				1,482
	Accumulated depreciation					1026
	Accounts payable					456
2)	Work in process inventory				5,586
	manufacturing overhead				1,710
	Raw materials inventory					7,296
	work in process invenory				4,104
	manufacturing overhead				1,368
	Factory wages					5,472
	work in process inventory				5130
	manufacturing overhead					5,130
3)	finished goods				16,805
	work in process					16,805
	Accounts receivable				18,900
	sale					18,900
	cost of goods sold				16,805
	finished goods inventory					16,805
		Work in process inventory
	1-Jun	opening	6,317	june	finished	16,805
		DM	5,586
		DL	4,104
		OH applied	5,130
	30-Jun		4,332
cost of unfinished jobs		koss	direct mat	2,280	direct lab	912	moh	1140	=	4,332
		Cost of goods manufactured Schedule
	Beginning work in process					6,317
	direct materials				5,586
	direct labor				4,104
	overhead applied				5,130
	total manufacturing costs					14,820
	total manufacturing costs & opening WIP					21,137
	less:ending work in process inventor					4,332
	cost of goods manufactured					16,805