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Module 2 Assignment eBook Calculator Print Item Entries for factory costs and jobs completed Instructions Chart of Accounts JModule 2 Assignment eBook Calculator Print Item Direct labor 7,200 Direct labor 15,600 Factory overhead 4,752 Factory overheaModule 2 Assignment eBook * Calculator Print Item Journal Shaded cells have feedback. Journalize the Jan. 31 summary entriesModule 2 Assignment eBook Calculator Print Item Factory Overhead Wages Payable Work in Process Jan. 31 Factory Overhead Work

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Answer #1
JOURNAL
DATE DESCRIPTION POST REF. DEBIT CREDIT
1 Jan 31 Work in process (10500+21600+23800+15900) $71800
2 Factory overhead $7500
3 Materials (71800+7500) $79300
4 Jan 31 Work in process (7200+15600+19100+14000) $55900
5 Factory overhead $11800
6 Wages payable (55900+11800) $67700
7 Jan 31 Work in process (6557+11850+19000+11100) $48507
8 Factory overhead $48507
9 Jan 31 Work in process (22452+47496) $69948
10 Finished goods $69948

Calculation of Factory overhead

Job 301= $6557*100/8300= 79%

Job 302= $11850*100/15000= 79%

Job 303= $19000*79%= $15010

Job 304= $11100*79%= $8769

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