Question

The following data (in thousands) summarize the factory operations of the Jonas Manufacturing Company for the year 20X1, its first year in business:

.:.
1. Prepare summary journal entries. Omit explanations. For purposes of this problem, combine the items in part d as “overhead incurred.”
2. Show the T-accounts for all inventories, Cost of Goods Sold, and Factory Department Overhead Control. Compute the ending balances of the inventories. Do not adjust for underapplied or over-applied factory overhead.



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  • CreatedNovember 19, 2014
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