Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior...
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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: Work in Process $13,420 109,100 Balance, March 1 Direct materials Direct labor 117,690 Factory overhead 61,870 Jobs finished during March are summarized as follows: Job 459 Job 510 $54,370 33,230 Job 512 Job 523 63,440 111,770 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank. Finished Goods Work in Process Feedback X Check My Work a. Move the cost of completed jobs out of work in process and into finished goods. b. Determine the cost of the unfinished jobs at March 31. Foodback Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in March: Work in Process $13,420 109,100 Balance, March 1 Direct materials Direct labor 117,690 Factory overhead 61,870 Jobs finished during March are summarized as follows: Job 459 Job 510 $54,370 33,230 Job 512 Job 523 63,440 111,770 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank. Finished Goods Work in Process Feedback X Check My Work a. Move the cost of completed jobs out of work in process and into finished goods. b. Determine the cost of the unfinished jobs at March 31. Foodback
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Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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