Question: 0.67/3 Your answer is partially correct. Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically


0.67/3 Your answer is partially correct. Prepare the entry to record the factory labor costs for the month of January. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Account Titles and Explanation Debit Credit Factory labor 393600 Factory Wages Payable 262400 Oriole Company begins operations on April 1. Information from job cost sheets shows the following Manufacturing Costs Assigned Job Number April May June Month Completed 10 $5,660 $5,020 May 11 4,480 4,320 $2,200 June 12 1,260 April 13 5,110 4,950 June 14 6,520 3,930 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion (a What is the balance in Work in Process inventory at the end of each month? Work in Process inventory Ano S 5) What is the balance in Work in Process Inventory at the end of each month? Work in Process Inventory April 30 $ May 31 $ June 30 $ e Textbook and Media Save for Later
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
