Question: 1. Complete the Finished Goods Subledger using the following information. Juno Inc. Production and Sales Data For the Month Ended January 31, 2021 Job Finished

1. Complete the Finished Goods Subledger using the following information.

Juno Inc.

Production and Sales Data

For the Month Ended January 31, 2021

Job

Finished

Date

Mach

Stock

Invoice

Sold

Sales

#

Units

Finished

Hours

Number

Number

Units

Revenue

19-15

282

Dec. 11/20

n/a

X-1

#923

200

$40,000

19-16

820

Dec. 15/20

n/a

X-2

#924

800

36,000

19-17

50

Jan. 5/21

0

X-3

#925

20

6,800

19-18

1750

Jan. 12/21

3,000

X-4

#926

900

24,400

19-19

1000

Jan. 19/21

2,000

X-5

#927

950

75,000

19-20

100

Jan. 30/21

150

X-6

#928

55

8,500

19-21

Unfinished

800

5,950

$190,700*

*All sales are on account.

*Use the following template for each stock number.

Stock # X-1
Received from Factory Sold Balance
Job Unit Total Invoice Unit Total Unit Total
Date Number Units Cost Cost Date Number Units Cost Cost Units Cost Cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!