Journal Entries ‘The H Company uses a job-order cost system. The following relate to the month of March:

1. Raw materials issued to production, $96,000 2. Direct-labor analysis, $78,000 3. Manufacturing overhead is applied to production on the basis of $4.00 per direct-labor hour. There were 13,000 direct-labor hours incurred.

4. ‘Total manufacturing overhead for the month was $54,000.

5. Production orders that cost $200,000 were completed during the month. 6. Production orders that cost $190,000 were shipped and invoiced to customers during the month at a profit of 20 percent based on cost.

The beginning inventory of work in process was $20,000. Prepare the generaljournal entries required to record this information. What is the ending balance of work in process? lop4