Question
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in
Entry for Jobs Completed; Cost of Unfinished Jobs
The following account appears in the ledger prior to recognizing the jobs completed in January:
| Work in Process | ||
| Balance, January 1 | $10,690 | |
| Direct materials | 86,910 | |
| Direct labor | 93,750 | |
| Factory overhead | 49,280 | |
Jobs finished during January are summarized as follows:
| Job 210 | $43,310 |
| Job 216 | 26,470 |
| Job 224 | 50,530 |
| Job 230 | 91,440 |
a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank.
| fill in the blank 0b2f57f79f91fcd_2 | fill in the blank 0b2f57f79f91fcd_3 | ||
| fill in the blank 0b2f57f79f91fcd_5 | fill in the blank 0b2f57f79f91fcd_6 |
b. Determine the cost of the unfinished jobs at January 31. $fill in the blank 684c8a058fee04d_1
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
