Milner Company is working on two job orders. The job cost sheets
show the following.
Job 201 |
Job 202 |
|||
---|---|---|---|---|
Direct materials | $7,000 | $9,100 | ||
Direct labor | 4,300 | 8,300 | ||
Manufacturing overhead | 5,500 | 9,850 |
Prepare the three summary entries to record the assignment of costs
to Work in Process from the data on the job cost sheets.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
No. |
Account Titles and Explanation |
Debit |
Credit |
---|---|---|---|
(a) |
enter an account title to assign materials to jobs |
enter a debit amount |
enter a credit amount |
enter an account title to assign materials to jobs |
enter a debit amount |
enter a credit amount |
|
(To assign materials to jobs) |
|||
(b) |
enter an account title to assign labor to jobs |
enter a debit amount |
enter a credit amount |
enter an account title to assign labor to jobs |
enter a debit amount |
enter a credit amount |
|
(To assign labor to jobs) |
|||
(c) |
enter an account title to assign overhead to jobs |
enter a debit amount |
enter a credit amount |
enter an account title to assign overhead to jobs |
enter a debit amount |
enter a credit amount |
|
(To assign overhead to jobs) |
A | Work in Process Inventory | 16,100 | |
Raw materials inventory | 16,100 | ||
(7000+9100) | |||
B | Work in Process Inventory | 12,600 | |
Factory labor | 12,600 | ||
(4300+8300) | |||
C | Work in Process Inventory | 15,350 | |
Manufacturing overhead (5500+9850) | 15,350 |
Milner Company is working on two job orders. The job cost sheets show the following. Job...
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