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Added requirements ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The first icon is the Data Table at the bottom of the question Options for above boxes are Beg Bal. for the

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image text in transcribed

Added requirements ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The first icon is the Data Table at the bottom of the question

image text in transcribed

Options for above boxes are "Beg Bal." for the top left and top right boxes and "Bal." for the bottom left and bottom right boxes. Between them, vertically, the options for the boxes are "Direct labor assigned to jobs", "Direct materials purchased", "Direct materials used", "Jobs 142 and 143 complete", "Labor incurred", and "MOH allocated to jobs".

The 2 columns in the middle are for number entry.

image text in transcribedimage text in transcribed

June production generated the following activity in Bentley Chassis Company's Work-in-Process Inventory account: (Click the icon to view the activity.) Additionally, Bentley has completed Jobs 142 and 143, with total costs of $38,000 and $45,000, respectively. Read the requirements. Requirement 1. Prepare the journal entry for production completed in June. (Prepare a single journal entry for this event. Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit June Requirement 2. A T-account for Work-in-Process Inventory has been opened for you. Enter the beginning balance "Beg. Bal." on the first line of the T-account. Post the June activity, including the journal entry made in Requirement 1, using the appropriate descriptions as posting references. Compute the ending balance "Bal." in the Work-in-Process Inventory account on June 30. (Abbreviation used: MOH = manufacturing overhead.) Work-in-Process Inventory Requirement 3. Prepare the journal entry to record the sale on account of Job 143 for $52,000. Also, prepare the journal entry to record Cost of Goods Sold for Job 143. event. Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the entry to record the sale on account. Do not record the cost of the sale with this entry. We will do that separately in the following step- Date Accounts Debit Credit June Now prepare the journal entry to record Cost of Goods Sold for Job 143. Date Accounts Debit Credit June Requirement 4. What is the gross profit on Job 143? The gross profit on Job 143 is $ A X - Data Table $ June 1 balance Direct materials used Direct labor assigned to jobs Manufacturing overhead allocated to jobs 32,000 28,000 50,000 40,000

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