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Just need #4 schedule of completed jobs Instructions 1. Journalize the entries to record the transactions indentified below. 2. Determine the account balances for Work
Just need #4 schedule of completed jobs
Instructions 1. Journalize the entries to record the transactions indentified below. 2. Determine the account balances for Work in Process and Finished Goods. 3. Prepare a schedule of unfinished jobs to support the balance in the Work in Process account. Prepare a schedule of completed jobs on hand to support the balance in the Finished Goods account 4. a Materials purchased on account 60,000 Factory Overhead Job #100 Job #101 Job #102 Job #103 Job #104 Job #105 For general factory use Material Factory s Labor 5000 2500 4000 2000 3500 1750 2500 1250 1000 500 750 900 1500 1800 10000 8000 d. 50% Factory overhead costs incurred Depreciation of machinery Factory overhead applied as a percent of of direct labor cost Jobs completed 100, 101, 102, and 104 Jobs 100, 101, 102 were shipped Customers were billed Job #100 Job #101 Job #102 12000 13000 14000Step by Step Solution
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