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Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances
Post the appropriate entries to accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month.
Work in Process
tableBal
Finished Goods
tableBal
Prepare a schedule of unfinished jobs to support the balance in the work in process account.
tabletableHildreth CompanySchedule of Unfinished JobsJobtableDirectMaterialstableDirectLabortableFactoryOverheadTotal$$Balance of Work in Process, April
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