Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help please 3. Prepare the journal entries reflecting the completion of Jobs 86 and 87 and the sale of Job 87 . The selling
need help please
3. Prepare the journal entries reflecting the completion of Jobs 86 and 87 and the sale of Job 87 . The selling price is 140 percent of cost, Round your answers to the nearest cent: Overhead is assigned on the basis of direct labor hours at a rate of $9.40 per direct labor hour. During March, Jobs 86 and 867 were completed and transferred to Finikhed Goods inventory. Job 87 was sold by the end of the month. Job 88 was the only unfinithed job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 86 and 87 . Round your answers to the nearest cent. 30686 per unit per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. 3. Prepare the journal entries refiecting the completion of Jobs 86 and 87 and the sale of 30087 . The selling price is 140 percent of cost. Round your answers to the nearest cent. 6 inore Ched My Wosk uses remining. Job Costs, Ending Work in Processs During Narch, Ettes Company worked on three jobs, Data relating to these three jobs follow: Overhead is assigned on the bosis of direct labor hours at a rate of 59.40 per direct labor bouk. During March, Jobs 86 and 87 were completed and transferred to Finished Goods tenventary, Job 87 wat sold by the end of the month. Job 85 was the only unfinisted job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 86 and 87 . Round your answers to the nearest cent. Job 56 per unit Job 87 per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. 3. Prepare the joumal entries reflecting the completion of Jobs 86 and 87 and the sale of J0b 87 . The selling price is 140 percent of cost. Round your answers to the nearest cent. Completion of jobs 868 \& 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