Question
The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $17,890 Direct materials 145,450
The following account appears in the ledger prior to recognizing the jobs completed in January:
| Work in Process | ||
| Balance, January 1 | $17,890 | |
| Direct materials | 145,450 | |
| Direct labor | 156,900 | |
| Factory overhead | 82,470 | |
Jobs finished during January are summarized as follows:
| Job 210 | $72,490 |
| Job 216 | 44,300 |
| Job 224 | 84,570 |
| Job 230 | 149,000 |
a. Journalize the entry to record the jobs completed.
| Finished Goods | |||
| Work in Process |
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b. Determine the cost of the unfinished jobs at January 31. $
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Guide To Hipaa Auditing Practical Tools And Tips To Ensure Compliance
Authors: Margret Amatayakul
1st Edition
1578393582, 978-1578393589
