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Job Order Costing Problem: Work in Process had the following Debit Balances: Beg Bal, 4/1/20: 12,250...

Job Order Costing Problem: Work in Process had the following Debit Balances:

Beg Bal, 4/1/20: 12,250

Direct Materials: 30,820

Direct Labor: 48,180

Factory Overhead: 26,400

Jobs finished during April:

Job 602: 18,140

Job 608: 32,400

Job 611: 29,100

Job 618: 18,660

Prepare the general journal entry to record the jobs completed, and determine the cost of the unfinished jobs at April 30th.

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Expert Solution

Accounts Title and Explanation Debit Credit
Finished Job-602          18,140
      Work In Process      18,140
(To record finished job completed)
Finished Job-608          32,400
      Work In Process      32,400
(To record finished job completed)
Finished Job-611          29,100
      Work In Process      29,100
(To record finished job completed)
Finished Job-618          18,660
      Work In Process      18,660
(To record finished job completed)
Calculation of cost of the unfinished jobs at April 30th.
Beginning Balance of WIP Account          12,250
Add:
direct Material          30,820
Direct labour          48,180
Factory Overhead          26,400
Total cost of manufacturing       117,650
Less: Jibs Completed          98,300
Cost of Unfinished jobs          19,350

ekkarill92 answered 1 year ago
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