Question

The following account appears in the ledger prior to recognizing the jobs completed in June:
Work in Process
Balance, June 1 .......... $ 40,000
Direct materials .......... 270,000
Direct labor ........... 320,000
Factory overhead ........ 176,000
Jobs finished during June are summarized as follows:


a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at June30.


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  • CreatedJune 27, 2014
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