a. Summarize the manufacturing costs charged to job no. 321. (Use one compound entry.) b. Record the completion of job no. 321. c. Record the credit sale of 2.300 units from job no. 321 at a unit sales price of $10. Record in a separate entry the related cost of goods sold. Prepare general Journal entries to the above statements: (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.)
a. Summarize the manufacturing costs charged to job no. 321. (Use one compound entry.) b. Record the completion of job no. 321. c. Record the credit sale of 2.300 units from job no. 321 at a unit sales price of $10. Record in a separate entry the related cost of goods sold. Prepare general Journal entries to the above statements: (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 10SPB
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