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Custom Cabinetry has one job in process ( Job 1 2 0 ) as of June 3 0 ; at that time, its job cost
Custom Cabinetry has one job in process Job as of June ; at that time, its job cost sheet reports direct materials of $ direct labor of $ and applied overhead of $ Custom Cabinetry applies overhead at the rate of of direct labor cost. During July, Job is sold on credit for $ Job is started and completed, and Job is started and still in process at the end of July. Custom Cabinetry incurs the following costs during July. Job Job Job Direct materials used$ $ $ Direct labor usedPrepare journal entries for the following July transactions and events a through eDirect materials used.Direct labor used.Overhead applied.Sale of Job Cost of goods sold for Job Hint: Job has costs from June and July.Compute the July balances of the Work in Process Inventory and the Finished Goods Inventory accounts. There were no jobs in Finished Goods Inventory at June
Custom Cabinetry has one job in process Job as of June ; at that time, its job cost sheet reports direct materials of $ direct labor of $ and applied overhead of $ Custom Cabinetry applies overhead at the rate of of direct labor cost. During July, Job is sold on credit for $ Job is started and completed, and Job is started and still in process at the end of July. Custom Cabinetry incurs the following costs during July. Job Job Job Direct materials used$ $ $ Direct labor usedPrepare journal entries for the following July transactions and events a through eDirect materials used.Direct labor used.Overhead applied.Sale of Job Cost of goods sold for Job Hint: Job has costs from June and July.Compute the July balances of the Work in Process Inventory and the Finished Goods Inventory accounts. There were no jobs in Finished Goods Inventory at June
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