Question
Mendelsohn Manufacturing began two jobs during the month of January 20X6. There was no beginning inventory. The following costs were incurred: Job A Job B
Mendelsohn Manufacturing began two jobs during the month of January 20X6. There was no beginning inventory. The following costs were incurred: Job A Job B Direct material $2,000 $3,000 Direct labor 4,000 5,000 Mendelsohns estimated manufacturing overhead for 20X6 is $117,000, and the estimated direct labor cost is $90,000. Mendelsohn applies overhead to production based on direct labor cost. During the month, Job A was completed but not sold. Job B has not been completed.
REQUIRED: Prepare the following journal entries: (1) Record direct material for each job. (2) Record direct labor for each job. (3) Record the allocation of manufacturing overhead for each job. (4) Record the transfer to finished goods of Job A.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started