1. Post the preceding transactions to accounts. (Note: Capture the offsetting of debes and credits to other accounts such as Cash Payaties Accurated Depreciation, and so on in Miscellaneous Accounts Work in Process inventory Raw Materials inventory 20 000 31/1 18500 Cost of Good told Finished Goods Inventory 24000 1/1 31/1 24.000 31/1 Manufacturing Overhead Sales Revenge 111 31/1 Miscellaneous Accounts (Cash Payables, etc.) 992 110 2. Compute the ending balance in the following accounts: a b Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold (unadjusted) Manufacturing Overhead d 3. Compute the total cost of Jobs 201 and 202 at the end of January Job Total Cost of Job Number 201 202 Reyes Marutacturing Company uses a job order cost system. Al the beginning of January, the company had one in process (Job 201) and one completed but not yet sodb 200)Job 202 was started during January Other select account balances follow ignore any accounts that are not listed) During January, the company had the following transactions (a) Purchased $65,000 worth of materials on account th Recorded materias issued to production as follows Tool 201 $1000 200 2010 Indrechos $37.100 (c) Recorded actory payroll costs from direct labor time is that revealed the folowing: 201 200 32.100 10.100 (d) Applied overhead to production at a rate of S2000 per direct labor hour for 403 actual director hours (e) Recorded the following actual manufacturing overhead costs Factory Depreciation Factory Too $ 2.400 4200 3000 1.500 $11.100 Description Padach Factory oument Completed Job 201 and transferred to shed Goods Inventory (g) Sold Job 200 for 350,000 554PM 1. Post the preceding transactions to accounts. (Note: Capture the offsetting of debes and credits to other accounts such as Cash Payaties Accurated Depreciation, and so on in Miscellaneous Accounts Work in Process inventory Raw Materials inventory 20 000 31/1 18500 Cost of Good told Finished Goods Inventory 24000 1/1 31/1 24.000 31/1 Manufacturing Overhead Sales Revenge 111 31/1 Miscellaneous Accounts (Cash Payables, etc.) 992 110 2. Compute the ending balance in the following accounts: a b Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold (unadjusted) Manufacturing Overhead d 3. Compute the total cost of Jobs 201 and 202 at the end of January Job Total Cost of Job Number 201 202 Reyes Marutacturing Company uses a job order cost system. Al the beginning of January, the company had one in process (Job 201) and one completed but not yet sodb 200)Job 202 was started during January Other select account balances follow ignore any accounts that are not listed) During January, the company had the following transactions (a) Purchased $65,000 worth of materials on account th Recorded materias issued to production as follows Tool 201 $1000 200 2010 Indrechos $37.100 (c) Recorded actory payroll costs from direct labor time is that revealed the folowing: 201 200 32.100 10.100 (d) Applied overhead to production at a rate of S2000 per direct labor hour for 403 actual director hours (e) Recorded the following actual manufacturing overhead costs Factory Depreciation Factory Too $ 2.400 4200 3000 1.500 $11.100 Description Padach Factory oument Completed Job 201 and transferred to shed Goods Inventory (g) Sold Job 200 for 350,000 554PM
