Question
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in
Entry for Jobs Completed; Cost of Unfinished Jobs
The following account appears in the ledger prior to recognizing the jobs completed in August:
| Work in Process | ||
| Balance, August 1 | $17,920 | |
| Direct materials | 145,690 | |
| Direct labor | 157,160 | |
| Factory overhead | 82,610 | |
Jobs finished during August are summarized as follows:
| Job 210 | $72,610 |
| Job 216 | 44,370 |
| Job 224 | 84,710 |
| Job 230 | 149,250 |
a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at August 31. $
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OECD Public Governance Reviews Brazils Supreme Audit Institution The Audit Of The Consolidated Year End Government Report
Authors: Oecd
1st Edition
9264188088, 978-9264188082
