The following account appears in the ledger after only part of the postings has been completed for

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The following account appears in the ledger after only part of the postings has been completed for January:

Work in Process

Balance, January 1 .. $15,500

Direct materials ... 86,200

Direct labor ...... 64,300

Factory overhead .... 93,700

Jobs finished during January are summarized as follows:

Job 320 . $57,600

Job 326 ... 75,400

Job 327 . $26,100

Job 350 ... 94,800

a. Journalize the entry to record the jobs completed.

b. Determine the cost of the unfinished jobs at January 31.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Jul 17, 2012 07:09 AM

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The following account appears in the ledger after only part of the postings has been completed for

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a Finished Goods 253900 Work in Process 253900 b Cost of unfi...View the full answer

Accounting

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