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Journal entry worksheet Record sales revenue and cash recelved. Wotei Enter debib before credits. Journal entry worksheet C D Record the cost of goods sold.
Journal entry worksheet Record sales revenue and cash recelved. Wotei Enter debib before credits. Journal entry worksheet C D Record the cost of goods sold. Woter Enter debits before credits. Journal entry worksheet C=B Record the transfer of the manufacturing overhead account balance to cost of goods sold. Notei enter debits betore credits. Tyler Tooling Company uses a job oider cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estmated its total manufacturing overhead cost at $198,080 and total machine hours at 61,900 . Durng the first month of operations, the company worked on three jobs and recorded the following actual direct materlals cost, direct labor cost and machine hours for each job: Job 10 w was completed and sold for $51,300 Job 102 was completed but not sold job 103 is stili in process. Actual overhead costs recorded during the first month of operations totaled $11,900 Requitred: 1. Prepare a journal entry showng the transfer of Job 102 into Finished Goods inventory upon its completion. 2. Prepare the journal entries to recognize the sales revenue and cost of goods sold for Job 101 3. Prepare the journal entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold Note: If no entry is required for a transection/event, select "No Journal Entry Required" in the first occount fleid. Do not round your intermedlate coiculations. Journal entry worksheet C D Record the transfer of completed job 102 to finished goods inventory. Hotas Enter debits telore aredita
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