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The month's production generated the following activity in Car Bot's Work-In-Process Inventory account: June 1 balance Direct materials used Direct labor assigned to the
The month's production generated the following activity in Car Bot's Work-In-Process Inventory account: June 1 balance Direct materials used Direct labor assigned to the jobs 38,000 43,000 42,000 Manufacturing overhead allocated to the 29,400 Additionaly, Car Bot has completed Jobs 142 ans 143, with total costs of $46,000 and $5,000 respectively. Do 1 Prepare the journal entry for production completed in June. 2 Open a T account for Work-In-Process Inventory. Post the journal entry made in 1. Compute the ending balance of the account on June 30. 3 Prepare the journal entry to record the sale on account of Job 143 for $47,000. 4 What was the gross profit on Job 143? Work-In-Process
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