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In March, Vaughn Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $26,300 and Job 11 $36,800. On March
In March, Vaughn Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $26,300 and Job 11 $36,800. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10.
Manufacturing Costs | Work in Process Inventory | Finished Goods Inventory | Cost of Goods Sold | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Raw Materials Inventory | Factory Labor | Manufacturing Overhead | |||||||||||
Balance | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||||||
Completion of Jobs: | |||||||||||||
Job 10 | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||||
Job 11 | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||||
Balance | $enter a total of the three previous amounts | $enter a total of the three previous amounts | $enter a total of the three previous amounts | $enter a total of the three previous amounts | $enter a total of the three previous amounts | $enter a total of the three previous amounts | |||||||
Job sold: | |||||||||||||
Job 10 | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||||
Balance | $enter a total of the two previous amounts | $enter a total of the two previous amounts | $enter a total of the two previous amounts | $enter a total of the two previous amounts | $enter a total of the two previous amounts | $enter a total of the two previous amounts |
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