Question
e. Recorded the following actual manufacturing overhead costs: table[[Item,Total Cost,Description],[Factory rent, $2,200 ,Paid in cash],[Depreciation,3,100,Factory equipment],[Factory utilities,3,700,Incurred but not paid],[Factory insurance,3,400,Prepaid policy]] f. Completed Job
e. Recorded the following actual manufacturing overhead costs:\ \\\\table[[Item,Total Cost,Description],[Factory rent,
$2,200
,Paid in cash],[Depreciation,3,100,Factory equipment],[Factory utilities,3,700,Incurred but not paid],[Factory insurance,3,400,Prepaid policy]]\ f. Completed Job 201 and transferred it to Finished Goods Inventory.\ g. Sold Job 200 for
$51,300
.\ Job 202 was still in process at the end of January.\ Required:\ Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.)\ Compute the ending balance in the following accounts:\ a. Raw Materials Inventory.\ b. Work in Process Inventory.\ c. Finished Goods Inventory.\ d. Cost of Goods Sold (unadjusted).\ e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied).\ Compute the total cost of Jobs 201 and 202 at the end of January.\ Complete this question by entering your answers in the tabs below.\ Required 1\ Required 2\ Required 3\ Compute the ending balance in the following accounts:\ a. Raw Materials Inventory.\ b. Work in Process Inventory.\ c. Finished Goods Inventory.\ d. Cost of Goods Sold (unadjusted).\ e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied).\ \\\\table[[a. Raw Materials Inventory,],[b. Work in Process Inventory,],[c. Finished Goods Inventory,],[d. Cost of Goods Sold (unadjusted),],[e. Manufacturing Overhead (Specify if overhead is,]]
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