Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on December 31. Record item g as

1. Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on December 31. Record item g as 2 entries.
2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month.
3. Prepare a schedule of unfinished jobs to support the balance in the work in process account.
4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.
please show me how to do the second part step by step please
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
a. Materiais purchased on account, \$28.610. b. Materials tegusitioned and factory laboe used: c. Factory overhead costs inturred on account, 55,710 d. Deprociation of machinery and equipment, \$1,910 e. The factory overtheod rate is $55 per machine hour. Machine hours used: 1. Jobs completed 301,302,303 and 305 . Required: a ar 2 entries. rome account balances an of the end of the mone. 3. Prepare a scheduit of infriched jobs to support the balance in the work in process account. Check My Work. 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert merno account balances as of the end of the monfin. TAqequits instivations Foedhock. Cleck M/ Work Posp entries to the Wok in Process T account and to the Finished Goods T account. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Schedule of Unfinished Jobs Instruction 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Schedule of Comoleted Jabs instruction a. Materiais purchased on account, \$28.610. b. Materials tegusitioned and factory laboe used: c. Factory overhead costs inturred on account, 55,710 d. Deprociation of machinery and equipment, \$1,910 e. The factory overtheod rate is $55 per machine hour. Machine hours used: 1. Jobs completed 301,302,303 and 305 . Required: a ar 2 entries. rome account balances an of the end of the mone. 3. Prepare a scheduit of infriched jobs to support the balance in the work in process account. Check My Work. 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert merno account balances as of the end of the monfin. TAqequits instivations Foedhock. Cleck M/ Work Posp entries to the Wok in Process T account and to the Finished Goods T account. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Schedule of Unfinished Jobs Instruction 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Schedule of Comoleted Jabs instruction

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit And Assurance Study Text

Authors: Get Through Guides

1st Edition

1848080255, 978-1848080256

More Books

Students also viewed these Accounting questions