1. At Plastastic, Inc., the beginning balance of the work in process inventory account in April of the most recent year was $19,000. Direct materials used during April totaled $130,000. Total manufacturing labor incurred in April was $180,000, 75% of this amount represented direct labor. The predetermined manufacturing overhead rate is 130% of direct labor cost. Actual manufacturing overhead costs for April amounted to $160,000.

In April, two jobs were completed with total costs of $110,000 and $95,000, respectively. In April, the two jobs were sold on account for $187,000 and $124,000, respectively.

a. Compute the balance in work in process inventory on April 30.

b. Record the journal entry for direct materials used in April.

c. Record the journal entry to record labor costs for April.

d. Record the journal entry for allocated manufacturing overhead for April.

e. Record the entry to move the completed jobs into finished goods inventory in April.

f. Record the entry to sell the two completed jobs on account in April.

1. At Plastastic, Inc., the beginning balance of the work in process inventory account in April of the most recent year was $19,000. Direct materials used during April totaled $130,000. Total manufacturing labor incurred in April was $180,000, 75% of this amount represented direct labor. The predetermined manufacturing overhead rate is 130% of direct labor cost. Actual manufacturing overhead costs for April amounted to $160,000.

In April, two jobs were completed with total costs of $110,000 and $95,000, respectively. In April, the two jobs were sold on account for $187,000 and $124,000, respectively.

a. Compute the balance in work in process inventory on April 30.

b. Record the journal entry for direct materials used in April.

c. Record the journal entry to record labor costs for April.

d. Record the journal entry for allocated manufacturing overhead for April.

e. Record the entry to move the completed jobs into finished goods inventory in April.

f. Record the entry to sell the two completed jobs on account in April.

1. At Plastastic, Inc., the beginning balance of the work in process inventory account in April of the most recent year was $19,000. Direct materials used during April totaled $130,000. Total manufacturing labor incurred in April was $180,000, 75% of this amount represented direct labor. The predetermined manufacturing overhead rate is 130% of direct labor cost. Actual manufacturing overhead costs for April amounted to $160,000.

In April, two jobs were completed with total costs of $110,000 and $95,000, respectively. In April, the two jobs were sold on account for $187,000 and $124,000, respectively.

a. Compute the balance in work in process inventory on April 30.

b. Record the journal entry for direct materials used in April.

c. Record the journal entry to record labor costs for April.

d. Record the journal entry for allocated manufacturing overhead for April.

e. Record the entry to move the completed jobs into finished goods inventory in April.

f. Record the entry to sell the two completed jobs on account in April.

Total Manufacturing labor incurred

Direct labor (75% of total manufacturing labor)

Allocated MOH

Work – in – process Inventory for April 30

$

Beginning WIP

Direct Materials

Direct Labor

Allocated MOH

Job cost #1

Job cost #2

Total balance of WIP

2. Direct Materials Journal Entry April 30

Dr ($)	Cr ($)
Work-in-process Inventory
Raw Materials Inventory

C. Labour Journal Entry April 30

Dr ($)	Cr ($)
Work-in-process Inventory
MOH
Wages Payable

D. Allocated MOH Journal Entry April 30

Dr ($)	Cr ($)
Work-in-process Inventory
MOH

E. Completed Jobs Journal Entry April 30

Dr ($)	Cr ($)
Finished Goods Inventory
Work-in-process Inventory

F. Sale of Jobs Journal Entry April 30

Dr ($)	Cr ($)
Accounts Receivable
Sales Revenue
Cost of Goods Sold
Finished Goods Inventory