Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior...

 

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Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process $9,100 73,980 79,810 41,950 Balance, August 1 Direct materials Direct labor Factory overhead Jobs finished during August are summarized as follows: Job 210 Job 216 Job 224 Job 230 $36,870 22,530 43,020 81,940 a. Journalize the entry to record the jobs completed. Finished Goods Work in Process b. Determine the cost of the unfinished jobs at August 31. Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process $9,100 73,980 79,810 41,950 Balance, August 1 Direct materials Direct labor Factory overhead Jobs finished during August are summarized as follows: Job 210 Job 216 Job 224 Job 230 $36,870 22,530 43,020 81,940 a. Journalize the entry to record the jobs completed. Finished Goods Work in Process b. Determine the cost of the unfinished jobs at August 31.

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Answer a Work in Process Debit Credit 36870 Finished Goods 36870 Work ... View the full answer