The following account appears in the ledger prior to recognizing the jobs completed in August: Work...
The following account appears in the ledger prior to recognizing the jobs completed in August:
| Work in Process | |
|---|---|
| Balance, August 1 | $ 60,000 |
| Direct materials | 325,000 |
| Direct labor | 462,000 |
| Factory overhead | 210,000 |
Jobs finished during August are summarized as follows:
| Job 210 | $197,800 |
| Job 216 | 240,000 |
| Job 224 | 160,000 |
| Job 230 | 364,000 |
Required:
| A. | Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles. | ||||||||||||||||||
| B. |
Determine the cost of the unfinished jobs at August 31. A. Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL
|
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The following account appears in the ledger prior to recognizing
the jobs completed in August:
Work...
The following account appears in the ledger prior to recognizing the jobs completed in August: Work...
The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $ 63,300 Direct materials 349,700 Direct labor 457,400 Factory overhead 226,700 Jobs finished during August are summarized as follows: Job 210 $182,500 Job 216 238,250 Job 224 157,300 Job 230 349,550 Required: a. Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles. b. Determine the...
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Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior...
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Work in Process Balance, August 1 Direct materials Direct labor Factory overhead $58,750 319,000 505,750 212,250 bs finished during August are summarized as follows Job 210 Job 216 Job 224 Job 230 $198,000 224,150 149,600 353,800 Required a. Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles b. Determine the cost of the unfinished jobs at August 31.
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 Direct materials $9,240 75,120 81,030 Direct labor Factory overhead 42,600 Jobs finished during January are summarized as follows: $37,440 22,880 Job 210 Job 216 Job 224 Job 230 43,680 76,960 a. Journalize the entry to record the jobs completed. b. Determine the cost of the unfinished jobs at January 31.
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process $85,800 Balance, January 1 Direct materials Direct labor 115,000 140,000 296,200 Factory overhead Jobs finished during January are summarized as follows: Job 210 $182,500 Job 216 78,300 Job 224 Job 230 $232,190 67,250 ) a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it...
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $9,420 Direct materials 76,580 Direct labor 82,610 Factory overhead 43,430 Jobs finished during January are summarized as follows: Job 210 $38,170 Job 224 $44,530 Job 216 23,320 Job 230 86,940 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank....
eBook culator The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 Direct materials $17,990 146,260 Direct labor 157,770 Factory overhead 82,930 Jobs finished during January are summarized as follows: Job 210 Job 216 $72,890 44,540 Job 224 Job 230 $85,040 153,880 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank. Finisherl Goods Work in Process Feedback...
Entry for Jobs Completed; Cost of Unfinished Jobs 10 The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $13,900 Direct materials 113,010 Direct labor 121,900 Factory overhead 64,080 Jobs finished during January are summarized as follows: Job 210 $56,320 Job 224 $65,710 Job 216 34,420 Job 230 128,280 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it...
Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal Accounts Schedule of Unfinished Jobs Schedule of Instructions Tybee Industries Inc, uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations a Materials purchased on account, $29,800 b. Materials requisitioned and factory labor used: Job 301 Materials $ 2,960 3,620 2,400 8,100 5,100 3.750 1,080 Factory Labor 52.775 3,750 1.875 6.360 5.250...
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