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EX 2-12 Entry for jobs completed; cost of unfinished jobs The following August: OBJ, account appears in the ledger prior to recognizing the jobs completed
EX 2-12 Entry for jobs completed; cost of unfinished jobs The following August: OBJ, account appears in the ledger prior to recognizing the jobs completed in Work in Process Balance, August 1 Direct materials Direct labor Factory overhead 60,000 325,000 462,000 210,000 Jobs finished during August are summarized as follows: Job 210 $197,800 Job 224 160,000 240,000 Job 230 Job 216 364,000 a. Journalize the entry to record the jobs completed. b. Determine the cost of the unfinished jobs at August 31. e glue is not a significant cost, so it is treated as indirect materi rnalize the entry to record the purchase of materials in Apri rnalize the entry to record the requisition of materials in A ermine the April 30 balances that would be shown in the mat Entry for factory labor costs mary of the time tickets for the current month follows: Job No. Job No. 100 101 104 108 Amount s 3,860 4,300 24,500 18,600 Indirect 115 ize the entry to record the factory labor costs. Entry for factory labor costs ekly time tickets indicate the following distribution of labo nployees: EX 2-12 Entry for jobs completed; cost of unfinished jobs The following August: OBJ, account appears in the ledger prior to recognizing the jobs completed in Work in Process Balance, August 1 Direct materials Direct labor Factory overhead 60,000 325,000 462,000 210,000 Jobs finished during August are summarized as follows: Job 210 $197,800 Job 224 160,000 240,000 Job 230 Job 216 364,000 a. Journalize the entry to record the jobs completed. b. Determine the cost of the unfinished jobs at August 31. e glue is not a significant cost, so it is treated as indirect materi rnalize the entry to record the purchase of materials in Apri rnalize the entry to record the requisition of materials in A ermine the April 30 balances that would be shown in the mat Entry for factory labor costs mary of the time tickets for the current month follows: Job No. Job No. 100 101 104 108 Amount s 3,860 4,300 24,500 18,600 Indirect 115 ize the entry to record the factory labor costs. Entry for factory labor costs ekly time tickets indicate the following distribution of labo nployees
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