Question

4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold. Report of Job Costs Work in Process Inventory Balance Finished Goods Inventory Balance Cost of Goods Sold Balance < Prev 4 of 4 Next >

Answer 1

Reports of Job Costs work in Pnocess Inventony Job 137 65,400 १ ।S,५०० Job 140 80,8 00 Balance Aini'shed Goods Inventony Jo b 139 141,200 के ।पा,20० Balance cost of Goods sold 86,300 Job 136 133,700 Job 138 $220,000 Balance

Caleulation: Job No. 138 Job No. 139 Job No.140 Job No. 137 Job No. 136 Materials 433,00019,400 23,000 50,000 $ 6,400 Labor 10,800 $ 12,1o0 3,000 39,400 38,100 overhead(200 Labor) 78,800 6,000 $ 24,200 21,600 76,20o 4 86,300 65,400 133,700 141,20o 1S,y00 Total cost Job No.136 2001. 0 labor 2001. x 121oo 24,200 11