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need to get the numbers for the journal entries , solve part A, Part B and part C Question Incomplete answer Mariced Out Journal entries;
need to get the numbers for the journal entries , solve part A, Part B and part C
Question Incomplete answer Mariced Out Journal entries; cost accumulation The following costs were incurred in February by Container Corp., w Direct material purchased on account $106,400 Direct material used for jobs: Job #217 $62,720 Job #218 10,080 Other jobs 75,040 147,840 Direct labor costs for month: Job #217 $14,560 Job #218 19,600 Other jobs 27,440 61,600 Actual overhead costs for February 308,000 The balance in Work in Process Inventorv on February 1 was $23.520 OM . The balance in Work in Process inventory on February 1 was $23.520, which comesed of 15.0 for job 2217 and 710 for job 218. The February beginning in Material inventory win 162,440. Actual overhead is applied to jobs at a rate of $4.95 per dollar of direct labor cont. job 2217 was completed and raised to shed Codiny during February Job 2217 was delivered to the customer at the agreed upon price of cost phs 35 percent a. Prepare journal entries to record the preceding information Note: List any multiple debits or any multiple credits in alphabetical order by account name Account Debit Credit Debit Credit 0 0 D 0 2 0 0 e 0 0 e e 0 0 0 > 0 > 0 0 0 D > > 0 0 0 0 0 0 0 Thu n 0 0 0 0 . 0 0 0 0 > To record actual overhead costs 5 Wp Job 217 wipfob 218 WIP other jobs Manufacturing Overhead Control To record the application of ON 6 Finished Goods Inventory wip Job 217 To record completion of job #217 7 Cash or Receivables Sales To record sales 8 Cost of Goods Sold Finished Goods Inventory To record the cost of sales 0 0 0 0 0 0 0 0 b. Determine the February ending balance in WIP Inventory. S 0 c. How much of the balance determined in part(b) relates to Job #2187 $ 0 Please answer all parts of the question. Save Answers Type here to search O ir Step by Step Solution
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