Question: i need help on question 2 i got 1.81/2 i try everything the seprate pictures are connected to the same question and Please do it

i need help on question 2 i got 1.81/2 i try everything the seprate pictures are connected to the same question and Please do it in order !!
i need help on question 2 i got 1.81/2 i try everything
the seprate pictures are connected to the same question and Please do
it in order !! Answer 5: Sell product and move costs from

Answer 5: Sell product and move costs from Frentory to COGS 18/2 Question 2 Record journal entries for the following Job-Order costing production transactions. The accounts used are: RM Inventory, WIP Inventory. FG inventory. COGS Cash Salaries Payable Manufacturing Overhead, Sales Revenue Accounts Receivable. The company purchased $80,000 of raw materials from a supplier. The company paid cash Accounts Debit Credit 50.000 Minney 0.000 Cash The company moved materials into production $55.000 was direct materials and $18.000 was indirect materials Accounts Debit Credit 55.000 WIP inventory 10.000 Matching Out 47.000 MWY The company incurred $28.000 ot direct labor costs and 519.000 or indirect labor costs during the period 70'F AQIS ii 10 2 part pouse break 03 O/ % A & 4 5 6 7 00 9 0 - R T Y U 1 [ The company finished $63,000 of products during the period. Debit Credit Accounts 63.000 FG inventory 80.000 WIP inventory The company sold products on account to a customer. The sales price was $121,000. The cost of the products was $59.000. (Record the sales part first, then the cost of goods sold part) Credit Accounts Accounts Receivabi 121.000 Debit 121.000 Sales Revenue 59.000 COGS 59.000 FG inventory Answer 1: Debit Credit Accounts 40.000 WIP inventory 40,000 Manufacturing Ove ona tha narind

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!