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2 ASSIGNMENT 2 - Record Cost accounting information Learning Objectives: REQUIREMENTS At the end of this assignment, you will be able to record cost accounting
2 ASSIGNMENT 2 - Record Cost accounting information Learning Objectives: REQUIREMENTS At the end of this assignment, you will be able to record cost accounting information 1. Review the adjusted trial balance into the General Journal and then post as of November 30, 2019, in the changes to accounts in the General Ledger Documents Folder. Trace the and Job Cost Sheets. Inventory and Cost of Goods Sold account balances as of November Core Concept Reviews 30, 2019, to the General Ledger. Accounting Cycle Adjusting Journal Entries 2. Examine the Cost Sheet on page 10 Closing Journal Entries of the Gatsby's Accounting System and Policies section to be sure you understand what it will cost to complete a product. 3. Review steps 1 through 4 in the Core Concept Review-Accounting Cycle for this assignment. Steps 5 through 8 will be used in Assignment 3. Complete the worksheet below related to depreciation expense: ANNUAL MONTHLY Sewing machines $15,000 Washers and dryers $10,000 Other equipment $10,000 $10,000 woll Computers Building $24,000 Production Computers Building Equipment 25% 25% 100% 75% 75% MOH MOH Administrative MOH Administrative Monthly Depreciation Expense
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