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Question 2, EM2-23 (similar to) HW Score: 17.68%, 17.68 of 100 points Part 2 of 5 Points: 2.68 of 15 June production generated the following
Question 2, EM2-23 (similar to) HW Score: 17.68%, 17.68 of 100 points Part 2 of 5 Points: 2.68 of 15 June production generated the following activity in Bentley Chassis Company's Work-in-Process Inventory account: (Click the icon to view the activity.) Additionally, Bentley has completed Jobs 142 and 143, with total costs of $36,000 and $48,000, respectively. Read the requirements. Requirement 1. Prepare the journal entry for production completed in June. (Prepare a single journal entry for this event. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit June Finished Goods Inventory 84,000 Work-in-Process Inventory 84,000 Completed jobs, costs assigned to FG. Requirement 2. A T-account for Work-in-Process Inventory has been opened for you. Enter the beginning balance "Beg. Bal." on the first line of the T-account. Post the June activity, including the journal entry made in Requirement 1, using the appropriate descriptions as p references. Compute the ending balance "Bal." in the Work-in-Process Inventory account on June 30. (Abbreviation used: MOH = manufacturing overhead.) Work-in-Process Inventory X Beg. Bal. 38000 Data table June 1 balance $ 38,000 Direct materials used 34,000 Direct labor assigned to jobs 44,000 Manufacturing overhead allocated to jobs 17,600 Print Done s example Get more help - Screenshot Clear all Check a 99 JUL 5
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