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Question 2 Not complete Mark 0.00 out of 1.00 P Flag question Preparing a Job Order Cost Sheet Riverwood Accounting Company has the following account
Question 2 Not complete Mark 0.00 out of 1.00 P Flag question Preparing a Job Order Cost Sheet Riverwood Accounting Company has the following account in its cost records: Work in ProcessJones Audit Services Direct labor 200,000 completed 422,530 Project overhead 270,000 Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services still in process for Jones Audit. Job Order Cost Sheet Jones Audit (Services in Process) Direct labor $ 0 x Project overhead 0 x Total cost $ 0 x Check Cost Flows Through Journal Entries The Mixing Department performs a series of processes in which a fluid chemical is concentrated. Records indicate that the Mixing Department has been charged with $160,000 of direct labor costs. T Prepare journal entries to record (1) various costs charged to the Mixing Department this period, (2) transfer of this period's completed product, and (3) sale of one-half of this period's production, Debit Credit 0 0 0 0 U 0 0 General Journal Ref. Description (1) Work in process-Mixing Department Wages payable . To record direct labor costs. Work in process-Mixing Department .. Manufacturing overhead To record manufacturing overhead. mo 121 Finished goods inventory Bus" Work in process-Mixing Department To record completed production (3) Cost of goods sold Finished goods inventory To record cost of goods sold. 0 0 0 0 0 0 0 0 0 0 0 Sales To record this period's sales. Check
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