I really need help with doing the T-accounts for the inventory and product costs, I don't completely understand how to do them.
I attached the job cost sheets that I believe I did correct
Document No. 3 TRANSACTIONS LIST December 1 - 31, 2019 December 1 Paid wages payable and payroll taxes payable electronically. 2 Shipped Job #220 to Abernathy & Fetch with a sales invoice. X 5 Paid outstanding accounts payable and other payables that were due in full (paid electronically). UT Ordered 100 rolls of denim from Denim Inc. using purchase order No. 556. Freight terms are FOB shipping point. 6 Job #221 Whiskey & Soda was completed. X Job #221 Whiskey & Soda was packed, shipped, and invoiced. Terms are n/30. Shipping costs paid by customer. X 10 Received check from Cool Creed for a shipment made to them in November in the amount of $225,000. Received the 100 rolls of denim that were ordered from Denim Inc. on 10 December 5, 2019, as listed on purchase order No. 556. Denim Inc.'s vendor invoice No. 7423 for $300,000 was received with the goods. Terms are n/30. Received the supplies that were ordered from Notions Inc. on 11 November 30, 2019, as listed on purchase order No. 549. Notions Inc.'s vendor invoice No. 257 for $20,000 was received with the goods. Terms are n/30. 16 Job #222 for K. Brand was completed, packed, shipped, and invoiced. Terms are n/30. 16 A new order from AH was received for 11,000 pairs of jeans. 18 Design work was completed for AH. AH accepted the design work and agreed to a price of $45 per pair. Assigned Job #223 to the AH order.18 Requisitioned denim into Work-in-Process for the AH order. 18 Requisitioned notions/supplies (indirect materials) for the AH order. 20 Paid Notions Inc. electronically for their Dec 11th invoice. 20 Job #223 for AH was completed. Job #223 for AH was packed, shipped, and invoiced. Packing costs are a 20 part of MOH. Other shipping costs will be paid by the customer. Terms are n/30. 24 A new order for 8,000 pairs of jeans was received from Belt Buckle. 24 Design work was completed for Belt Buckle. They accepted the design work. Belt Buckle was assigned Job #224. Contract price is $45 per pair. 24 A new order for 15,000 pairs of jeans was received from Cool Creed. 27 Denim was requisitioned into Work-in-Process for Belt Buckle Job #224. 27 Requisitioned notions/supplies (indirect materials) for Belt Buckle Job # 224. 27 Cool Creed accepted the design work and was assigned Job #225. The contract price is $40 per pair. 30 Completed one-half of the sewing direct labor on Job #224 for Belt Buckle. 30 Job #225 direct materials were requisitioned into Work-in-Process. No work has been completed on the job as of month-end. . Paid $25,000 of principal and $1,250 of interest expense on the 30 Note Payable to First Bank. . Paid $10,000 on the mortgage principal and $800 of interest expense to Commerce Bank. Recorded and paid the following administrative and selling expenses 30 . Administrative & selling costs $12,750 per Apex Payroll Service's invoice No. 18633 (includes payroll and payroll taxes). Office supplies and utilities $450. . Payroll services expense $200.Home Insert Page Layout Formulas Data Review View Calibri (Body) A- A Wrap Text Genera Copy Paste I U. Merge & Center $ Format L37 X V fx A B C D E G H K L M N O P Q R ST U IS UT A W N JOB COST SHEET Job Order No. 220 Customer Name Abernathy & Fetch Contract Price $40 Quantity 5.000 Date Shipped 11/15/19 Date Completed 11/20/19 10 Direct Materials Direct Labor Applied Overhead 11 Date Cost Date Cost Date Cost 12 11/15/19 75,000 11/18/19 50,000 11/18/19 10,000 13 11/18/19 18,750 14 11/18/19 3,750 11/20/19 2,083 11/20/19 417 *Extra work 27 28 Total 29 $75,000 Total $70,833 Total $14,167 30 1-ATB 11-30-2019 1-Job 220 Cost Sheet Ready 1- Job 221 Cost Sheet 1-Job 222 Cost Sheet 1-Job 223 Cost S APR X MacBook ProEar Home Insert Page Layout Formulas Data Review View & Cut MV Boli 9 A - A Wrap Text Copy . A Merge & Center Paste Format BI U. L36 X V fx =D40/M6 A B C D E F G H K L M N O P Q S T U P-1-4 Document No. 5 N JOB COST SHEET Job Order No. 221 Customer Name Whiskey & Soda Contract Price $40 Quantity 10,000 Date Shipped 12/9/19 Date Completed 10 Direct Materials Direct Labor Applied Overhead 11 Date Cost Date Cost Date Cost 12 11/18/19 150,000 11/20/19 100,000 11/20/19 20.000 13 11/21/19 18,750 11/21/19 3,750 14 12/06/19 18,750 12/06/19 3,750 15 16 17 27 28 Total 29 $150,000 Total $137,500 Total $27,500 30 31 32 COST SUMMARY: 33 34 4 1-ATB 11-30-2019 1-Job 220 Cost Sheet Ready 1- Job 221 Cost Sheet 1-Job 222 Cost Sheet 1-Job 2 APR 8 XEdit View Insert Format Tools Data Window Help 0 0 0 Page Layout View Home Insert Formulas Data Review X Cut MV Boli 9 A- A Wrap Text Copy B U DE Merge & Cent Paste Format Cd L36 4 X fx =D40/M6 A B C D E F G H K M NOP Q R ST U V P-1-4 Document No. 5 N JOB COST SHEET Job Order No. 222 Customer Name K. Brand Contract Price $42 Quantity 2.000 Date Shipped 11/25/19 Date Completed 12/16/19 10 Direct Materials Direct Labor Applied Overhead 11 Date Cost Date Cost Date Cost 12 11/25/19 30,000 11/25/19 20,000 1 1/25/19 4,000 13 12/16/19 7,500 12/16/19 1.500 14 15 16 17 18 19 20 24 25 26 27 28 Total 29 $30,000 Total $27,500 Total $5,500 30 31 COST SUMMARY: 33 34 Direct Materials 35 $30,000 36 Direct Labor 37 $27,500 Cost Per Unit $31.50 D 1-ATB 11-30-2019 1-Job 220 Cost Sheet Ready 1- Job 221 Cost Sheet 1-Job 222 Cost Sheet 1- APR 8 X IIIIIEdit View Insert Format Tools Data Window Help Home Insert Page Layout Formulas Data Review View MV Boli 9 A - A- = Wrap Text Copy Paste BI U . A E DE Merge & Center Format B13 X V A B C D E F G H I J K L M N O P Q R ST U P-1-4 Document No. 5 DOO V OUT A W N JOB COST SHEET Job Order No. 223 Customer Name AH Contract Price $45 Quantity 11,000 Date Shipped 12/20/19 Date Completed 12/20/19 10 Direct Materials Direct Labor Applied Overhead 11 Date Cost Date Cost Date Cost 12 12/16/19 165,000 12/18/19 110,000 12/18/19 22,000 13 12/20/19 41,250 12/20/19 8,250 14 15 16 Total 29 $165,000 Total $151,250 Total $30,250 31 32 COST SUMMARY: 33 34 Direct Materials 35 $165,000 36 Direct Labor 37 $151,250 Cost Per Unit $31.50 1-ATB 11-30-2019 1-Job 220 Cost Sheet Ready 1- Job 221 Cost Sheet 1-Job 222 Cost Sheet 1-Jo APR 8 Xt View Insert Format Tools Data Window Help . . Gats Home Insert Page Layout Formulas Data Review View of Cut MV Boli 11 A- A- = Wrap Text Copy Paste Format 3 I U . + h . A CE Merge & Center D12 fx 120000 A B C DE FGHIJK L M NO QR ST U N JOB COST SHEET Job Order No. 224 Customer Name Belt Buckle Contract Price $45 Quantity 8,000 60 00 Date Shipped Date Completed 10 Direct Materials Direct Labor Applied Overhead 11 Date Cost Date Cost Date Cost 12 12/27/19 120,000 12/30/19 40,000 12/30/19 8,000 13 14 15 16 17 18 Total $120,000 Total $40,000 Total 29 $8,000 30 31 32 COST SUMMARY: 33 D 1-ATB 11-30-2019 1-Job 220 Cost Sheet 1- Job 221 Cost Sheet 1-Job 222 Cost Sheet 1-Job 223 Co Ready APR 8 Xdit View Insert Format Tools Data Window Help 1 Gatsb Page Layout Data Review View Home Insert Formulas Cut MV Boli A Wrap Text Copy B I Merge & Center Paste Format B13 X V fx K V A B C D E F G H M N o P Q R S T U W P-1-4 Document No. 5 6 00 V G UI A W N JOB COST SHEET Job Order No. 225 Customer Name Cool Creed Contract Price $40 Quantity 15,000 Date Shipped Date Completed 10 Direct Materials Direct Labor Applied Overhear 11 Date Cost Date Cost Date Cost 12 12/30/19 225,000 13 14 Total $225,000 Total Total 29 30 31 32 COST SUMMARY: 33 34 Direct Materials 35 36 Direct Labor Cost Per Unit 1-ATB 11-30-2019 1-Job 220 Cost Sheet 1- Job 221 Cost Sheet 1-Job 222 Cost Sheet 1-Job 22 Ready APR
