Question

Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg, bal Jan 6,300 6,700 4,690 6,700 9,200 7,360 2,600 3,840 4,800 20,700 15,600 15,890 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($52,190 + 2,000) $15,600 20,700 15,890 $52, 190 $26.10 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1 17690

Answer 1

In the books of ..............:

Date	Account Titles and Explanations	Debit	Credit
		$	$
Jan 31	Work in Process Inventory	9,300
	Raw Materials Inventory		9,300
	To record raw materials used
Jan 31	Work in Process Inventory	14,000
	Factory Labor		14,000
	To record factory labor used
Jan 31	Work in Process Inventory	11,200
	Manufacturing Overhead		11,200
	To record manufacturing overhead applied