Chapter 19.4

Homework: Chapter 19 HOMEWUIK 4 of 4 (0 complete) Score: 0 of 22 pts P19-28A (similar to) Stratton Manufacturing makes carrying cases for portable electronic devices its costing records yield the following information Click the icon to view the costing records read the futements Requirement 1. Which type of costing system is Stratton using? What piece of data did you base your answer on? Stration uses a system we know this because Stratton's costing records show costs being accumulated to Chapter 19 Homework 4 4 of 4 (0 complete) HW SC ir to) makes carrying cases for portable electronic devices. Its costing records yold the following information w the costing records) ype of cost Requirements 1. Which type of costing system is Stration using? What piece of data did you base your answer on? 2. Use the dates in the table to identify the status of each job at November 30 and December 31 Compute Stratton's account balances at November 30 for Work-in-Process Inventory Finished Goods Inventory and cost of Goods Sold Compute by job account balances at December 31 for Work in Process Inventory Finished Goods Inventory and Cost of Goods Sold 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for November and December 4 Record the sale of Job 3 for $1 500 on account 5. What is the gross profit for Job 37 Print Done wer(s) and then click Check Answer Data Table type of cost Job Date No. Sold StartedFinished 11:03 11/12 11703 11/30 12:24 11/29 12:29 12/08 12:12 12:23 1706 - No Total Total Manufacturing Cost of Job Costs Added a t November 30 in December 1 100 1 600 200 $ 1000 900 $50 400 12/01 12:27 12/14 Print Print Done Done shers) and then click Check Answer Clear Score: 0 of 22 pts P19-28A (similar to) Stratton Manufacturing makes carrying cases for portable electronic devices is costing records yield the following information (Click the icon to view the costing records.) Read the courements Requirement 1. Which type of costing system is Stratton using? What piece of data did you base your answer on? Stratton uses a system we know this because Strations costing records show cos bem accumulated for each job order costing process order costing Click to select your answer(s) and then click Check Answer 7 pants remaining Score: 0 of 22 pts 4 of 4 (0 complete) > HW Sco P19-28A (similar to) Stratton Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information (Click the icon to view the costing records) Read the recurements Requirement 1. Which type of costing system is Stratton using? What piece of data did you base your answer on? Stratton uses a system. We know this because Stratton's costing records show costs being accumulated for each 00 process needed to complete the product Click to select your answer(s) and then click Check Answer 7 remaining Clear All remaining a costing records of costing Requirements Which type of costing system is Stratton using? What piece of data did you base your answer on? Use the dates in the table to identify the status of each job at November 30 and December 31 Compute Stratton's account balances at November 30 for Work-in-Process inventory. Finished Goods Inventory, and Cost of Goods Sold Compute by job, account balances at December 31 for Work in Process Inventory. Finished Goods Inventory and Cost of Goods Sold 3. Prepare journal entries to record the transfer of completed jobs from Work in Process Inventory to Finished Goods Inventory for November and December Record the sale of Job 3 for $1 500 on account What is the gross profit for Job 3? Print Done (s) and then click Check