Question

Lactory Labor 75 4800 76 7 Work in process inventory 4.500 8 manufacturing overhead 4,500 9 0 1 (a)(3) Journalize the June transactions for completion of jobs and sale of goods 2 3 Finished Good Inventory 14.740 Work in process inventory 14,740 5 Cost Element - Completed Projects Rodgers Stevens Linton 2 June 1 Direct Materials 600 800 900 Direct Labor 320 540 580 Mitg O/H 400 675 725 Total June 1 1,320 2,015 2.205 June Month Direct Materials 1,100 Value Value Direct Labor 1240 Value Value Mitg O/H 1,550 Value Value Total June Month 3,890 ? 2 Total Direct Materials 1,700 ? 2 Direct Labor 1,560 2 2 Mitg O/H 1,950 2 Total Project 5.210 2 2 Total Costs ? 2 2 2 Cash 18,900 Sales revenue 18.900 14,740 Cost Of goods sold Finished goods inventory 14,740

i really just need help with the (a)(3) part. thank you.

Answer 1

a(3)	Particulars	Debit	Credit
	Finished Goods	$        14,740
	Work in process		$        14,740
	(Rogers , Stevens & Linton transferred to the finished goods )
	Cash	$        18,900
	sales		$        18,900
	(Job Rogers , Stevens & Linton sold )
	Cost of goods sold	$        14,740
	Finished Goods		$        14,740
	(The Total cost of Rogers , Stevens & Linton to produce the goods)