Costs for ABC Industries are shown in Exercise 5.36. Prepare journal entries for ABC as follows:

REQUIRED
A. Cost recorded during production
B. Cost of jobs completed
C. Cost of goods sold
D. Over-applied or under-applied overhead prorated to the ending balances in work in process, finished goods, and cost of goodssold

Transcribed Image Text:

Direct materials Direct labor Job 1231 $45,000 70,000 Job 1232 $70,000 90,000 Job 1233 $30,000 50,000