11. 54 Points GENERAL JOURNAL Description Doblt Credit 1 a. Muterials Accounts Payable b. Work in Process Factory Overhead Wages Payable Materials. c. Factory Overhead Accounts Payable d. Factory Overhead Acam. Depr. - Madhinery and Equlpment e. Work in Process Factory Overhead t. Finished Goods Work in Process Computation of cost of jobs finished: 16 Points (Deduct 2 points for each incorrect answer) Direct Job Matorials No. 101 No. 102 No. 103 No. 105 Total Factory Overhad Direct Laber Direct Laber (Deduct 1 poirt for eoch incorrect answer) B. Acrountr Recelvable Sules Cont of Goods Sold Finkhed Goods Q. Computation of cost of jobs sold: Job No. 101 No. 102 No. 105 Total 2 Points (Deduct 2 points for esch inoorrect an 5 war) Total Total (Dedet 0.5 point for eoch incorrect answer) ABC Compary uses a job order system. The following data mummarize the operations related to production for July, the first ymont of operations: a. Materlals purchased on account, \$143,000. b. Materials requisition and factory labor used: c. Factory overhead costs incurred on account, $6000 d. Depredation of machinery and equipment $41,00 e. The factory overhead on each job: f. Jobs completed: 101, 102, 103, and 105 . g. Jobs were shipped and customers were blled as follows: Job 101, $61,900, 102,$80,600,105,$45,570. REQUIRED: A. Journalize the above transactions in the General Journal rpvoded on the left. B. Compute the cost of jobs sold. 1. Compaty tor the Manth ended Wareh 31, 2022. The foldowing infarmatios is avalable for Sunihine Company for 2022: c. Factory overhead costs incurred an account, $6000 d. Depredation of machinery and equipment $41,00 e. The factory overhead on each job t. Jobs completed: 101,102,103, and 105 . B. Iobs were shipped and astomers were billed as follows: Job 101, 561,500 , 102,580,600,105,$45,570. QUARE: A. Journalize the above transactions in the General Journal rpvoded on the left. B. Compute the cost of jobs sold. 11. 54 Points GENERAL JOURNAL Description Doblt Credit 1 a. Muterials Accounts Payable b. Work in Process Factory Overhead Wages Payable Materials. c. Factory Overhead Accounts Payable d. Factory Overhead Acam. Depr. - Madhinery and Equlpment e. Work in Process Factory Overhead t. Finished Goods Work in Process Computation of cost of jobs finished: 16 Points (Deduct 2 points for each incorrect answer) Direct Job Matorials No. 101 No. 102 No. 103 No. 105 Total Factory Overhad Direct Laber Direct Laber (Deduct 1 poirt for eoch incorrect answer) B. Acrountr Recelvable Sules Cont of Goods Sold Finkhed Goods Q. Computation of cost of jobs sold: Job No. 101 No. 102 No. 105 Total 2 Points (Deduct 2 points for esch inoorrect an 5 war) Total Total (Dedet 0.5 point for eoch incorrect answer) ABC Compary uses a job order system. The following data mummarize the operations related to production for July, the first ymont of operations: a. Materlals purchased on account, \$143,000. b. Materials requisition and factory labor used: c. Factory overhead costs incurred on account, $6000 d. Depredation of machinery and equipment $41,00 e. The factory overhead on each job: f. Jobs completed: 101, 102, 103, and 105 . g. Jobs were shipped and customers were blled as follows: Job 101, $61,900, 102,$80,600,105,$45,570. REQUIRED: A. Journalize the above transactions in the General Journal rpvoded on the left. B. Compute the cost of jobs sold. 1. Compaty tor the Manth ended Wareh 31, 2022. The foldowing infarmatios is avalable for Sunihine Company for 2022: c. Factory overhead costs incurred an account, $6000 d. Depredation of machinery and equipment $41,00 e. The factory overhead on each job t. Jobs completed: 101,102,103, and 105 . B. Iobs were shipped and astomers were billed as follows: Job 101, 561,500 , 102,580,600,105,$45,570. QUARE: A. Journalize the above transactions in the General Journal rpvoded on the left. B. Compute the cost of jobs sold
