Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work For the year ended December 31, 2022, the job cost sheets of Moon Company contained the following data Job Number Direct Director

please show work
image text in transcribed
For the year ended December 31, 2022, the job cost sheets of Moon Company contained the following data Job Number Direct Director Manufacturing Explanation Materials Overhead 7640 Balance 1/1 $84,375 $81,000 $97,200 Current year's costs 101,250 121,500 145,000 7641 Balance 1/1 37,125 60.750 72,900 Current year's costs 145,125 162.000 194.400 76-12 Current year's costs 195,750 185,625 222,750 Other data: Job Nos. 7640 and 7641 were completed during the year. Instructions: Prove the agreement of Work in Process Inventory with the job cost sheets pertaining to unfinished work. In other words, complete the Work in Process in job cost sheet information and other data. Then answer the following questions. All answers should be kryed with appropriate punctuation (e. commas). Work in Process Inventory 1/1 Balance Completed work Direct materials Direct labor Manufacturing overhead 12/31 Balance What is the beginning balance of Work-in-Process Inwentary at January 17 What amount of direct materials was assigned to work-in-process during the year? What amount of direct labor was assigned to work in process during the year? Wut amount of manufacturing overhead was assigned to work-in-process during the year? What was the total cost amount of Job 7640 that was completed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Non Specialists

Authors: Catherine Gowthorpe

2nd Edition

1844802051, 978-1844802050

More Books

Students also viewed these Accounting questions