contestada

Milner Company is working on two job orders. The job cost sheets show the following. Assign costs to work in process.

Job 201 Job 202
Direct materials $7,200 $9,000
Direct labor 4,000 8,000
Manufacturing overhead 5,200 9,800

Required:
Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets.

Respuesta :

Tundexi

Answer:

Full Question "(a) (To assign materials to jobs.) (b) (To assign labor to jobs.) (c) (To assign overhead to jobs.)"

No Date  Account Title and Explanation      Debit       Credit

a               Work in process inventory             $16,200

                 ($7,200+$9,000)

                      Raw material inventory                             $16,200

                 (To assign materials to jobs)

b.               Work in process inventory              $12,000

                  ($4,000+$8,000)

                        Factory labour                                           $12,000

                  (To assign labour to job)

c.                 Work in process inventory              $15,000

                   ($5,200+$9,800)

                          Manufacturing overhead                         $15,000

                    (To assign overhead to jobs)

Otras preguntas