Lexan Textile Company's Job X12 had one of its 30 units spoiled. The cost incurred on the unit was $770. It was specific normal spoilage with an estimated disposal price of $640 for the spoiled unit. Job Y34 had common normal spoilage with the estimated cost of $740 from the general production process failure and abnormal spoilage of $170. The company also incurred scrap due to Job Y34 and sold it for $115. It also sold the scrap common to all jobs for $155 cash in May.

So far: Not sure missing something

Journal to record spoilage-Not Sure of JE

To record the normal spoilage attribute to job X12

Materials inventory(disposal price of the spoiled goods )

640

Work-in-process inventory :job X12

130

To record the normal and abnormal spoilages incurred in job y34

Factory Overhead (normal spoilage cost)

740-Debit

Loss from abnormal spoilage

170-Debit

Work-in process Inventory: Job Y 34

910-Credit

Journal entries to record scrap sold

To record the scrap sold attributable to a specific job

Cash

115-Debit

Work-in process Inventory: Job Y 34

115-Credit

To record scrap sold common to all jobs

Cash

155-Debit

Factory overhead

155-Credit

Thank you,