Finley Educational Products started and finished job number B67 during June. The job required $4,700 of direct material and 40 hours of direct labor at $18 per hour. The predetermined overhead rate is $6 per direct-labor hour. Required: Prepare journal entries to record the incurrence of production costs and the completion of job number B67. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1. Record the cost of the raw materials, direct-labor and manufacturing overhead costs applied to Job B67.
2. Record transfer of job costs from work in process to finished goods inventory.
Chapter 3 Exercises i Saved Help Save & Exit Submit Check my work 00 Finley Educational Products started and finished job number B67 during June. The job required $4,700 of direct material and 40 hours of direct labor at $18 per hour. The predetermined overhead rate is $6 per direct-labor hour. 2.64 points Required: Prepare journal entries to record the incurrence of production costs and the completion of job number B67. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list eBook Journal entry worksheet References Record the cost of the raw materials, direct-labor and manufacturing overhead costs applied to Job B67. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Chapter 3 Exercises i Saved Help Save & Exit Submit Check my work 00 Finley Educational Products started and finished job number B67 during June. The job required $4,700 of direct material and 40 hours of direct labor at $18 per hour. The predetermined overhead rate is $6 per direct-labor hour. 2.64 points Required: Prepare journal entries to record the incurrence of production costs and the completion of job number B67. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list eBook Journal entry worksheet References Record transfer of job costs from work in process to finished goods inventory. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Chapter 3 Exercises Saved Help Save & Exit Submit Check my work 00 Finley Educational Products started and finished job number B67 during June. The job required $4,700 of direct material and 40 hours of direct labor at $18 per hour. The predetermined overhead rate is $6 per direct-labor hour. 2.64 points Required: Prepare journal entries to record the incurrence of production costs and the completion of job number B67. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list eBook . Journal entry worksheet References Record trans goods inventory. No journal entry required Accounts receivable Note: Enter debits Accumulated depreciation Cash Transaction Debit Credit mm 2 Record entry Clear entry View general journal
