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Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in March: Line Item
Entry for Jobs Completed; Cost of Unfinished Jobs
The following account appears in the ledger prior to recognizing the jobs completed in March:
Line Item DescriptionAmount Balance, March 1$14,630 Direct materials118,940 Direct labor128,310 Factory overhead67,440Jobs finished during March are summarized as follows:
Line Item DescriptionAmountJob 459$59,280Job 51036,230Job 51269,160Job 523121,850Question Content Area
a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank.
blankAccountDebitCreditblankAccounts PayableCost of Goods SoldFinished GoodsMaterialsWork in Process- Select -- Select - Accounts PayableCashCost of Goods SoldFinished GoodsWork in Process- Select -- Select -Question Content Area
b. Determine the cost of the unfinished jobs at March 31. fill in the blank $
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