Clement Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: E (Click the icon to view the costing records.) Read the requirements. requirement 4. Kecoru une sale or Jou 3 Tor $z,300 omaccount (RECora debits Tirst, uiern creains. Exuuou expianauor 0 Data Table First, record the revenue related to the sale of job 3 on account. Date Accounts Debit Credit Date Accounts Receivable 2,300 Total Manufacturing Total Cost of Job Costs Added in Sales Revenue 2,300 Job No. Started Finished Sold at October 31 November Job No. 1 10/03 10/12 10/13 $ 1,300 Job No. 2 10/03 10/30 11/01 1,400 Now record the cost of goods sold for Job 3. Job No. 3 10/17 11/24 11/27 1,000 $ 900 Date Accounts Debit Credit Job No. 4 10/29 11/29 12/03 1,200 1,200 Job No. 5 11/08 11/12 11/14 650 Job No. 6 11/23 12/06 12/09 500

Clement Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: E (Click the icon to view the costing records.) Read the requirements. requirement 4. Kecoru une sale or Jou 3 Tor $z,300 omaccount (RECora debits Tirst, uiern creains. Exuuou expianauor 0 Data Table First, record the revenue related to the sale of job 3 on account. Date Accounts Debit Credit Date Accounts Receivable 2,300 Total Manufacturing Total Cost of Job Costs Added in Sales Revenue 2,300 Job No. Started Finished Sold at October 31 November Job No. 1 10/03 10/12 10/13 $ 1,300 Job No. 2 10/03 10/30 11/01 1,400 Now record the cost of goods sold for Job 3. Job No. 3 10/17 11/24 11/27 1,000 $ 900 Date Accounts Debit Credit Job No. 4 10/29 11/29 12/03 1,200 1,200 Job No. 5 11/08 11/12 11/14 650 Job No. 6 11/23 12/06 12/09 500

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 10P: Aero Aluminum Inc. uses a process cost system. The records for May show the following information:...

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