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the instrucrions are at the bottom, you need to use the chart to answer the questions 28. Michael Manufacturing Co sesa yo con conting so.
the instrucrions are at the bottom, you need to use the chart to answer the questions
28. Michael Manufacturing Co sesa yo con conting so. Ondorry it In its Work in Process (WIP) Inventory account. Michad works on three dating February (545-547) Jobs 545 and 546 completed on. Weheary 27, Dugem of Fear summary of production data shows the following Direct Materials Cost Direct labores storhersal Con $10,000 $8.000 $450 12.000 9.200 Job 547 8.000 5.000 For Job 545 Job 546 5,244 ???? Michael applies estimated factory overhead cost to jobs using a single predetermined to overhead (FO) rate based on direct labor cost. (Note: Find the predetermined Forest and we to calculate applied FO cost for job 547). Instructions: (a) Complete journal entries to record the 1) cost of direct materials used, 2) cont of direct later used, 3) the application of factory overhead cost to jobs, and 4) the completion of Jobs and 546. Use the following accounts for your journal entries: WIP Inventory. Rew Materials Inventory, Wages Payable, Factory Overhead, and Finished Goods Inventory Dr 1) CE Dr 2) al Dr 3) CE Dr 4) (b) Calculate the ending balance of the Work in Process Inventory account on February 28. Please indicate "debit" or "credit with your Step by Step Solution
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