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Requirements 1. Record the preceding events in the general journal. 2. Open T-accounts for Work in Process Inventory and Finished Goods Inventory Pos ne the

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Requirements 1. Record the preceding events in the general journal. 2. Open T-accounts for Work in Process Inventory and Finished Goods Inventory Pos ne the appropriate entries to these accounts, identifying each entry by letter. Determ the ending account balances, assuming that the beginning balances were zero. 3. Summarize the job cost of the unfinished chalet and show that this equals the ending 4. Summarize the job cost of the completed chalet that has not yet been sold and show 5. Compute the gross profit on each chalet that was sold. What costs must the gross balance in Work in Process Inventory that this equals the ending balance profit cover for Veon Homes? in Finished Goods Inventory. P3-50A Determine flow of costs through accounts (Learning Objectives 2 & 6) Stewart Engine reconditions engines. Its job cost records yield the following information Stewart Engine uses a perpetual inventory system. Total Total Cost of Job at June 30 Manufacturing Cost Added Date Job No. StartedFinished in July Sold 6/9 6/126/13 3 6/29307/3 5/26 5/3 $1,600 $1,500 $1,300 $ 900 $ 300 500 $1,400 7/12 7/14 7/23 8/6 8/9

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