Transaction	No	General Journal	Debit	Credit
a.	1	Raw materials inventory	220,000
		Accounts payable		220,000
b.	2	Work in process inventory	131,700
		Factory overhead	21,500
		Raw materials inventory		153,200
c.	3	Factory overhead	15,500
		Cash		15,500
d.	4	Work in process inventory	103,700
		Factory overhead	25,000
		Cash		128,700
e.	5	Work in process inventory	179,000
		Factory overhead		179,000
f.	6	Finished goods inventory	359,700
		Work in process inventory		359,700
g(1).	7	Accounts receivable	530,000
		Sales		530,000
g(2).	8	Cost of goods sold	218,900
		Finished goods inventory		218,900
h.	9	Factory overhead	154,000
		Accum. depreciationFactory building		68,000
		Accum. depreciationFactory equipment		38,000
		Prepaid insurance		11,000
		Property taxes payable		37,000
i.	10	Work in process inventory	28,400
		Factory overhead		28,400

4.	Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold.

Report of Job Cost

Work in Process Inventory
Balance
Finished goods Inventory
Balance
Cost of Goods Sold