Question
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.
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 JuneJune activity, including the journal entry made in Requirement 1, using the appropriate descriptions as posting references. Compute the ending balance "Bal." in the Work-in-Process Inventory account on JuneJune 3030. (Abbreviation used: MOH = manufacturing overhead.)
Work-in-Process Inventory
Beg. Bal. 25000
Direct materials used 26000
Jobs 142 and 143 completed
Direct labor assigned to jobs 32000
MOH allocated to jobs 16000
Bal.
Data Table
June 1 balance | $25,000 |
Direct materials used | 26,000 |
Direct labor assigned to jobs | 32,000 |
Manufacturing overhead allocated to jobs | 16,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started