Work in Process Balance, January 1 $72,000 Direct materials 390,000 Direct labor 500,000 Factory overhead 250,000 Jobs finished during January are summarized as follows: Job 210 $200,000 Job 216 288,000 Job 224 225,000 Job 230 436,800 a. Journalize the entry to record the jobs completed. Finished Goods v Work in Process v Feedback Check My Work b. Determine the cost of the unfinished jobs at January 31.
Work in Process Balance, January 1 $72,000 Direct materials 390,000 Direct labor 500,000 Factory overhead 250,000 Jobs finished during January are summarized as follows: Job 210 $200,000 Job 216 288,000 Job 224 225,000 Job 230 436,800 a. Journalize the entry to record the jobs completed. Finished Goods v Work in Process v Feedback Check My Work b. Determine the cost of the unfinished jobs at January 31.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 11E: Predetermined factory overhead rate Poehling Medical Center has a single operating room that is used...
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