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Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account in the following order:
Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account in the following order: (1) beginning balance, (2) direct materials, (3) direct labor, (4) manufacturing overhead, and (5) completed jobs Question 11 For the year ended December 31, 2020, the job cost sheets of Cinta Company contained the following data. Job Direct Direct Manufacturing Total Number Explanation Materials Labor Overhead Costs 7640 Balance 1/1 $28,250 $27,120 $32,544 $87,914 Current year's costs 33,900 40,680 48,816 123,396 7641 Balance 1/1 12,430 20,340 24,408 57,178 Current year's costs 48,590 54,240 65,088 167,918 7642 Current year's costs 65,540 62,150 74,580 202,270 Other data: 1. Raw materials inventory totaled $16,950 on January 1. During the year, $158,200 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $98,310 and Job No. 7639 for $103,960. 3. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638, 7639, and 7641 were sold on account for $598,900. Manufacturing overhead incurred on account totaled $135,600. 6. other manufacturing overhead consisted of indirect materials $15,820, indirect labor $20,340, and depreciation on factory machinery 59,040. 5. Work in Process Inventory 1/1 > 12/31 > Work in process balance . Unfinished job Click if you would like
Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account in the following order: (1) beginning balance, (2) direct materials, (3) direct labor, (4) manufacturing overhead, and (5) completed jobs
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