Question 1. What's the amount that should be entered for Loss from abnormal spoilage?

Question 2. Assume that 200 tops failed to meet quality control standards and spoilage was not related to the job. What's the journal entry to record the spoilage? What's the amount for these four items?

Spoiled Goods Inventory

MOH

WIP

Loss on abnormal spoilage

In August, Builick sold the material for $1,050 cash.

Question: What's the journal entry to record the sale of the material in August?

[Select ["Cash", "Scrap Inventory", "WIP", "MOH", "Gain on sale of scrap", "Loss on sale of scrap"] ] ["Debit", "Credit"] 1,050

[ Select ["Cash", "WIP", "MOH", "Scrap Inventory", "Gain on sale of scrap", "Loss on sale of scrap"] ] ["Debit", "Credit"] 50

[ Select ["Cash", "WIP", "MOH", "Scrap Inventory", "Gain on sale of scrap", "Loss of sale of scrap"] ] [ "Debit", "Credit"] 1,000

Problem C part of Job 9501. Amounts charged to Job # 9501 for the month: Direct materials $24,000; Direct labor $6,000; MOH $48,000 150 defective tops would be considered normal spoilage on a job of this size Tops that don't meet quality standards are sold as "seconds". Regular sales price per top 69.95 Seconds sales price per top $15.95